Impact of the Endowment
Total Endowment as of June 30, 2023:
Total Endowment as of June 30, 2023:
$11,642,709
Restricted: $8,008,615
Unrestricted: $3,634,094
As of June 30, 2023, WMA’s endowment had a balance of approximately $11.7M. While this is up from $11.3M the prior year, the independent school average across Massachusetts is $103M.
The endowment provided $564,000 to WMA's operating budget last year; just $1,500 per student for academic programs, athletics, arts and everything else that makes WMA so special.
Growing the endowment through bequests and other planned gifts will provide increasing support for the operating budget into perpetuity, reducing our dependence on tuition and opening entirely new opportunities for our students.
The chart below shows how operating support will increase as the endowment grows. Imagine the impact that $2.5M would have on our students each year!
Patricia Gallagher
Chief Financial Officer