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Endowments

Throughout the school’s history, endowment funds have been established for specific purposes that benefit the faculty and students of Ravenscroft. The funds use only the annual earnings from their principal value.

Any persons interested in establishing a permanent endowment fund should contact Phil Higginson, Assistant Head of School for Institutional Advancement, at (919) 847-0900 or phigginson@ravenscroft.org.

Total Endowment Market value: $20,400,270.78
Market values shown are as of June 2017
*Newly established fund since July 2016

Anderson Family Legacy Scholarship
Market value: $230,695.49
Established in 2014 by Judy and Chip (‘55) Anderson. Income used to provide financial aid to the children or grandchildren of alumni who are in Upper School and who qualify for financial assistance.

Mary Grady Bell Leadership Fund
Market value: $24,379.49
Established in 2014 by Vic (‘74) and Mary Grady (‘81) Bell and Mary Grady Burnette Bell ‘14. Income used to support the development of altruistic service within Ravenscroft School by promoting strategic acts of kindness, compassion, empathy, generosity and selflessness.

Victor E. Bell, III ‘74 Endowment Fund
Market value: $266,342.26
Established in 1979 by Victor E. Bell II and Jane McNair Bell. Income used for special and supplemental educational activities and shall be divided equally between three areas of the school: fine arts, athletics and academics.|

Beller Family Leadership Initiative Fund
Market value: $63,214.20
Established in 2012 by the Beller family. Income used for programs devoted to the development of leadership qualities in academics and athletics, including but not limited to development of curriculum and promoting student attendance at leadership conferences.

Elbert M. Boyd Jr. Family Endowment Fund
Market value: $161,203.73
Established in 2001 by the Boyd family. Income used to support the Math and Science departments.

Paul A. Brissette Family Fund
Market value: $39,301.23
Established in 1993 by grandparent Mr. Paul A. Brissette. Income used for faculty salaries and enrichment.

Joyce Browning Fund
Market value: $3,796.83
Established in 1992 by friends of Joyce Browning upon her retirement. Income is unrestricted.

James E. and Mary Z. Bryan Fund for Ravenscroft School
Market value: $534,783.32
Established by the James E. and Mary Z. Bryan Foundation and held by the North Carolina Community Foundation. Income from this fund provides scholarships at Ravenscroft.

James E. and Mary Z. Bryan Foundation Fund
Market value: $28,030.20
Established by the James E. and Mary Z. Bryan Foundation. Income used to provide scholarships at Ravenscroft.

Jack and Marilyn Budrow Strings Endowment Fund
Market value: $58,673.23
Established in 2011 in honor of Jack and Marilyn Budrow in recognition of their years of service to the Fine Arts Department. Income used to support the strings program.

CBHT Thespian Endowment Fund
Market value: $192,200.34
Established in 2005 by Lisa Heinz. Income used to support the theatre program at Ravenscroft.

Condrey Family Fund for Financial Aid
Market value: $44,306.72
Established in 2015 by R. Michael and Cecelia Condrey. Income used to support financial aid for Ravenscroft students.

Crosby-Washington Diversity and Inclusion Fund
Market value: $30,872.49
Established in 2013 by the Crosby and Washington families. Income used to support diversity and inclusion training including efforts by the Parent Supporters of Diversity and Inclusivity Committee (PSDI).

June A. Crumpler Memorial Education Fund
Market value: $11,953.50
Established by Al Crumpler in memory of his father. Income used to support programs promoting quality parenting.

Diab Family Endowment Fund
Market value: $91,767.31
Established in 2008 by Joseph (‘83) and Ann Diab. Income used to support excellence in science education.

Isobel Craven Lewis Drill Endowment Fund
Market value: $137,043.72
Established by grandparent Isobel Craven Drill. Income used for the media centers.

Tom and Larry Hines
Educational Endowment Fund
Market value: $235,888.81
Established in 1995 by an anonymous family. Income used to provide need-based financial aid to deserving families.

Edward E. Ford Foundation Fund
Market value: $270,185.95
Established in 1990 through a grant from the E.E. Ford Foundation and two matching contributions. Income used for Upper School faculty salaries.

The Fledgling Fund
Market value: $41,000.00
Established in 2017 by Geoffrey and Courtney Brock. Income used to support financial aid in Lower School.

Cherie Fowler FCA Endowment Fund
Market value: $43,375.09
Established in 2006 by friends of Cherie Fowler, former physical education teacher and coach. Income used to support the Fellowship of Christian Athletes at Ravenscroft.

Fry Family Fund for Spiritual Growth
Market value: $47,045.05
Established in 2005 by Mr. and Mrs. Bob J. Fry. Income used to support and enhance the spiritual foundation of Ravenscroft students by supporting such programs as the Fellowship of Christian Athletes (FCA) and Campus Chapels, which are representative of the Christian Faith.

The Charles W. Gaddy Family Fund
Market value: $236,827.95
Established in 1990 by the Gaddy family. Income is unrestricted.

Hammersla Family Endowment for Student Support
Market value: $38,084.84
Established in 2015 by Debbie and Mark Hammersla. Income used to support the needs of academic skills students and the personal development of a designated student through participation in a National Outdoor Leadership School (NOLS) program.

Helton Family Endowment Fund
Market value: $776,105.37
Established in 1991 by Charles and Barbara Helton. Income used to underwrite the Helton Awards that are given to faculty and staff each year in recognition of excellence in teaching and outstanding service to school.

Hianik Family Scholarship
Market value: $42,079.01
Established in 2014 by Iren and Mark Hianik. Income used to provide financial aid to one or more Upper School students who qualify for financial assistance.

Robert P. Holding Jr. Scholarship Fund
Market value: $143,559.71
Established in 1979 by family and friends in memory and honor of Mr. Holding upon his death. Income used for scholarships for academically talented and well-rounded students.

Lewis R. “Snow” Holding Endowment Fund
Market value: $4,099,152.81
Established by special friends to honor Mr. Holding. Income is unrestricted.

Lewis R. “Snow” Holding Endowment Fund for the Fine Arts
Market value: $228,362.76
Established by special friends to honor Mr. Holding and held by the North Carolina Community Foundation. Income is used for the Fine Arts Department.

Robert P. Holding Jr. Garden Fund for Ravenscroft School
Market value: $79,640.60
Established by First Citizens Bank and held by the North Carolina Community Foundation. Income is used for maintenance expenses of the Holding Memorial Garden.

R. P. & Maggie B. Holding Endowment Fund for Ravenscroft School
Market value: $400,812.14
Established in 1998 by the R. P. Holding Family Foundation and held by the North Carolina Community Foundation. Income unrestricted.

Hunter Family Scholarship in the Fine and Performing Arts
Market value: $718,065.51
Established in 2000 by the Hunter family. Income used to provide a scholarship for a rising ninth grade student in the Fine and Performing Arts.

Johnson Endowment for Music
Market value: $47,504.92
Established in 2004 by Bill and Sally Johnson in honor of their daughters, Hannah ‘99 and Emlyn ‘04. Income used to support a Master Class Program, in honor of Jill and Lorenzo Muti, former fine arts director and fine arts faculty, to attract distinguished musicians to visit the school and conduct musical workshops for students at Ravenscroft and other local independent schools and universities.

Joslin Scholarship Fund for Minority Students
Market value: $11,883.18
Established in 1988 by former trustee William Joslin. Income used for minority student aid.

Kelly Family Endowment Fund
Market value: $15,295.32
Established in 2015 by Doreen and Chris Kelly. Income used to support Lead From Here and financial aid at Ravenscroft.

Lead From Here Endowment Fund
Market value: $185,051.88
Established in 2014 through the Embrace Possibility Campaign, the fund supports all aspects of Lead From Here.

Rusty Lewis ‘88 Fund
Market value: $13,660.67
Established by friends and family in memory of Rusty Lewis ‘88. Income used to support the Rusty Lewis ‘88 Sportsmanship Award.

Lichtin Family Leadership Fund
Market value: $30,347.44
Established by the Lichtin family. Income used to support leadership programs in the Upper School.

Lichtin Family Professional Growth Fund
Market value: $222,196.67
Established in 1992 by the Lichtin family. Income used to support faculty enrichment.

Global Parent Ambassadors Fund
Market value: $31,123.46
Established by Gail and Mike Kansler. Income used to support the activities and programs of the Global Parent Ambassadors.

Mann Family Scholarship Fund
Market value: $731,089.41
Established in 1998 by the Mann family. Income used to support need-based scholarships for African-American or Hispanic students entering the sixth grade or above.

Sara and Andrew May Endowment Fund
Market value: $21,260.77
Established in 2016 by Andrew, Sara, Corinne, Vanessa and Carolyn. Income used to support faculty excellence at Ravenscroft.

Connie M. Maynard Faculty Enrichment Fund
Market value: $431,381.98
Established in 2001 by James and Connie Maynard. Income used to underwrite summer enrichment programs for faculty.

James and Connie Maynard Scholarship Fund
Market value: $560,974.72
Established in 2015 by James and Connie Maynard. Income used to support students in grades kindergarten through third who require significant financial aid to attend Ravenscroft.

Prof. William A. McKnight Endowment Fund

Market value: $43,356.39
Established in memory of Prof. William A. McKnight by Norva M. Bounds, his daughter and former Ravenscroft Spanish teacher. Income used to support Upper School foreign language instruction.

McNeill Family Endowment FundMarket value: $63,782.14
Established by Caryn and John McNeill in 2015. Income used to support Lead From Here, financial aid and the Student Support Program.

Philip C. Miller Family Scholarship Fund
Market value: $111,232.26
Established by Philip and Thelma Miller. Income used to create the Miller Scholars program for a new ninth grade student.
Mr. and Mrs. Philip C. Miller

Mundra Family Fund
Market value: $184,582.23
Established in 2006 by Pam and Sanjay Mundra. Income used to support Global Studies initiatives at Ravenscroft.

The Eve Munford Fund
Market value: $8,624.41
Established in 2015 by Jennifer and Don Munford. Income used to support school operations.

Robert P. Neeb Family Endowment Fund
Market value: $237,472.70
Established in 1991 in memory of Mr. Neeb by his son, Robert W. Neeb, and family. Income used to support Computer Science and Math departments.

Edward W. Nielsen Memorial Fund
Market value: $4,901.24
Established in memory of Mr. Nielsen by Mrs. Nielsen. Income used to support the soccer program.

O’Herron Distinguished Faculty Award Endowment FundMarket value: $854,009.77
Established in 1995 by Mr. and Mrs. Kennedy O’Herron. Income used to underwrite the O’Herron Award, which recognizes teachers for their devotion to the teaching profession.

O’Neal Family Endowment Fund
Market value: $55,085.00
Established in 1998. Income is unrestricted.

Parents’ Association Endowment Fund
Market value: $1,189,777.11
Established in 2000 by the Ravenscroft Parents’ Association. Income used to support media centers and programs in all three school divisions and the Parents’ Association Distinguished Faculty Award.

Ravenscroft Parents’ Association Parents’ Association Embrace Possibility Fund
Market value: $393,729.86
Established in 2015 by the Ravenscroft Parents’ Association. Income used to support the four pillars of the Embrace Possibility Campaign: Lead From Here, Student Support Program, Financial Aid and the Ravenscroft Annual Fund.

Ravenscroft Parents’ Association Pretzer-Salisbury Family Fund
Market value: $14,000.00
Established in 2015 by Dr. and Mrs. Stephen C. Pretzer and Mr. and Mrs. Alan B. Salisbury. Income used to support faculty professional development and financial aid at Ravenscroft.

William Isaac Procter Fund
Market value: $169,449.96
Established by Dr. William Procter in memory of his father. Income used to support the graduation speaker or other special speakers.

Qubain Award for Teaching Excellence Fund
Market value: $747,945.09
Established in 2000 by the Qubain family. Income used to support the Qubain Award for Teaching Excellence, which recognizes deserving teachers in all three school divisions.

W. Trent Ragland Fund
Market value: $278,090.32
Established in 2008 with a gift from W. Trent Ragland Jr. in honor of the legacy of Lewis “Snow” Holding. Income used to provide financial assistance to students and faculty for special opportunities for growth and learning at the discretion of the Head of School.

Ravenscroft Faculty Excellence Endowment Fund
Market value: $32,964.28
Established in 2015 by Robyn and Jim Ziperski. Income used to support the recruitment, retention, ongoing professional development and recognition of best-in-class faculty.

Ravenscroft Athletic Endowment
Market value: $112,495.26
Established in 2008 by the Ravenscroft Annual Golf Classic. Income used to promote excellence in interscholastic athletics at Ravenscroft.

Ravenscroft Financial Aid Fund
Market value: $77,703.04
Established in 2014 by the School through the Embrace Possibility Campaign. Income used to support the financial aid program at Ravenscroft.

Ravenscroft Memorial Fund
Market value: $20,099.02
Established in 2007 by the Board of Trustees to receive contributions in memory of faculty, staff, students and families. Income is unrestricted.

Ravenscroft School Opportunities Fund
Market value: $51,454.93
Established in 1993 by former trustee and his wife, Mr. and Mrs. Courtney R. Mauzy Jr., and added to by Michael (‘77) and Tal (‘77) Mangum. Income used to provide scholarship assistance to students who come from disadvantaged backgrounds and who exhibit academic and personal strengths, interest in school programs, the commitment and desire to excel, and financial need.

Ravenscroft Student Support Program Endowment Fund
Market value: $32,596.47
Established in 2014 through the Embrace Possibility Campaign. Income used to support the Student Support Program at Ravenscroft.

Replogle Family Global Experience Fund
Market value: $10,000
Established in 2016 by Mr. John B. Replogle and Mrs. Kristen G. Replogle. Income used to support global programs at Ravenscroft.

Robert T. Newcomb Ethics and Leadership Fund
Market value: $39,057.84
Established in 2008 in honor of Robert T. Newcomb ‘78. Income used to support programs at Ravenscroft that promote and teach leadership and ethics.

Sloan Family Endowment Fund
Market value: $322,425.50
Established in 2015 by Temple and Joy Sloan. Income used to support the Ravenscroft Student Support Program.

Stansell Family Leadership Fund
Market value: $5,000.00
Established in 2017 by Mr. Kevin S. Stansell and Dr. Dani Stansell. Income used to support Lead From Here at Ravenscroft.
Mr. Kevin and Dr. Dani Stansell

Layne Stirman Endowment Fund
Market value: $30,961.30
Established by Dr. Jerry A. Stirman, in memory of his son, Layne, who was killed in a plane crash in 1995. Income is used to provide need-based financial aid to deserving students enrolled in the Academic Skills Program.

Student Athlete Endowment Fund
Market value: $24,739.90
Established in 1993 by two Ravenscroft families. Income used for students in need of financial assistance for off-campus trips, athletic equipment and other needs.

Jeffrey Takacs ‘78 Endowment Fund
Market value: $21,567.91
Established by faculty and friends in honor of Jeff shortly before he died of cancer. Income used to support outdoor educational experiences for a rising junior or Upper School student.

Annie Tongue Fund
Market value: $16,095.44
Established by friends of Annie Tongue, long-time teacher at the Tucker Street campus, at her retirement. Income used to support the Lower School.

Vinson Family Endowment
Market value: $25,000.00
Established in 2016 by Mrs. Tammy A. Vinson and Dr. Britt D. Vinson ‘86. Income used to provide financial aid at the discretion of the Head of School.

The Weiler Family Fund
Market value: $25,000.00
Established in 2017 by Mr. and Mrs. Richard Weiler. Income used to support Lead From Here and fine arts at Ravenscroft.

White Family Endowment Fund
Market value: $31,174.53
Established in 2015 by Ed and Kathy White. Income used to support financial aid and faculty professional development.

B. Robert Williamson Jr. ‘75 Alumni Scholarship Fund
Market value: $200,907.72
Established in 2013 in memory of alumnus B. Robert Williamson ‘75. Income used to provide financial aid to children or grandchildren of alumni who need financial assistance in order to attend Ravenscroft.

Charles M. Winston, Sr. Student Support Fund
Market value: $119,040.89
Established by Mr. Charles M. Winston, Sr. and Mrs. Florence Winston. Income used to support the Student Support Program.

Winston Endowment Fund
Market value: $322,995.17
Established in 2014 by Jenny and Charles Winston. Income used to support Lead From Here and the Student Support Program at Ravenscroft.

Clarke Worthington Fund
Market value: $10,649.23
Established by friends and relatives in memory of Clarke Worthington, Upper School academic dean, upon his death in 1990. Income used for faculty enrichment.

*Deceased