Andover/Exeter endowments...what does it really mean?

Tolkien
Sat, 07 Apr 2012 14:51:14 +0000

The Andover Head of school discussed the endowment issue with parents at last year’s revisit in the wake of the financial crisis. She made a point that there were strategic decisions to be made with endowment incomes, whether it should go to physical renovation and expansion, commitment to financial aid, or new club houses. She seemed to be proud of the fact that Andover didn’t choose to build new buildings, and had the financial flexibility to remain need-blind even when the endowment took a big hit.