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07.02.08, 08:13 AM NY Schools
45 replies
Former Anderson parents got a letter stating that the school is setting up an endowment that would basically wouldn't spend more than the interest on the endowment from year to year. Do any other public schools have an endowment? [ Reply | Watch | Flag ]
NY Schools 07.02.08, 08:13 AM Flag
 

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why wouldn't they send the letter to current parents as well? [ Reply | More
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General Topics 07.02.08, 08:15 AM Flag
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Maybe they did. My dd is starting in K next year and I didn't get the letter, but a friend of mine with a dd who is a former Anderson student got the letter. They're definintely doing alumni outreach. [ Reply | More
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General Topics 07.02.08, 08:18 AM Flag
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interesting, considering it was a K-5 school back then I am curious how much they will get. Publics have it hard with alumni relations since there is no legacy preference to offer. [ Reply | More
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General Topics 07.02.08, 12:53 PM Flag
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Agreed. Maybe they'll get some money down the road from former A kids who hit it big :-) [ Reply | More
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General Topics 07.03.08, 06:41 AM Flag
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I've heard of this. Have a df in California whose dc attends a public with its own endowment. And I seem to recall reading something in the NY Times within the last year about this becoming more common among public schools. [ Reply | More
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General Topics 07.02.08, 08:17 AM Flag
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to what end? can't imagine setting up money for the future. i would want my contribution to directly benefit my dcs. the next generation can take care of their own kids. we have limited means [ Reply | More
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General Topics 07.02.08, 08:19 AM Flag
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Anderson has annual fundraising that does this. The endowment would be a long-term stabilized source of revenue. [ Reply | More
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General Topics 07.02.08, 08:20 AM Flag
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I think that's maybe why they [ Reply | More
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General Topics 07.02.08, 08:22 AM Flag
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. . . reached out to alumni for the endowment. They'd be more interested in the long term prospects for the school than to which calendar year their money applied. [ Reply | More
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General Topics 07.02.08, 08:23 AM Flag
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Depending on the school your dc may be there long enough to benefit directly from the endowment. Or if there's a younger sibling they may benefit. But these things have to start somewhere and I guess the thinking is that it's a source of funding that the DOE, with all its instability, can't take away from the school. [ Reply | More
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General Topics 07.02.08, 08:25 AM Flag
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To the end of supporting top quality public education. In the same way people support the arts, etc. [ Reply | More
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General Topics 07.02.08, 01:07 PM Flag
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I know I'll be flamed for this, but I don't care, I have to say it: This makes me sick. It's PUBLIC school. Parents should not be able to privatize the public system for their own benefit like that just because they have the financial means. [ Reply | More
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General Topics 07.02.08, 08:23 AM Flag
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No? But the DOE can hire Caroline Kennedy to chase corporate sponsorships? [ Reply | More
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General Topics 07.02.08, 08:24 AM Flag
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If it benefits the system as a whole, I don't care. But if it's special money for the special children at one special school, then I think it's wrong. [ Reply | More
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General Topics 07.02.08, 08:27 AM Flag
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Boy are you naive!!! There are a host of corporations out there that donate to ONE specific school. Don't you read the newspapers? [ Reply | More
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General Topics 07.02.08, 08:29 AM Flag
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Don't be an idiot. Of course I know that happens and I've complained about it more than once here in the past. Which is why I knew I'd be flamed. Again. For saying I think it's wrong. [ Reply | More
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General Topics 07.02.08, 08:32 AM Flag
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You'd rather see the money get diluted as it filters through DOE bureaucracy than go directly to schools? What about the corporations that promise to pay the college tuitions of poor kids who stay in school, tutoring them along the way? Corporations that fund a new science lab at a school? Don't you realize the money would never reach it's destination if it went via the DOE?\ [ Reply | More
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General Topics 07.02.08, 08:35 AM Flag
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So you don't think that schools should be able to fundraise at all? [ Reply | More
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General Topics 07.02.08, 08:25 AM Flag
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I think it's a slippery slope and it's not always easy to see where the line is. But when you get to the point where parents are paying for things like extra teachers or specials that dc in other schools will never get, you've definitely crossed the line. And that happens at a lot of schools, I'm not trying to pick on Anderson in particular. [ Reply | More
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General Topics 07.02.08, 08:29 AM Flag
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np: I participate in the fundraising at my kid's school but I agree. [ Reply | More
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General Topics 07.02.08, 08:36 AM Flag
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DOE should be paying for these things but they don't. I say let the creative parents do what they can. better to have some great schools than none at all. [ Reply | More
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General Topics 07.02.08, 08:37 AM Flag
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Great. But the MC and UMC public school parents who can afford to do fundraising on this level also happen to be the most powerful constituency in the city. And when they're off cultivating their exclusive little bubble for their dc's school they let the DOE off the hook for making meaningful system-wide improvements. [ Reply | More
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General Topics 07.02.08, 08:43 AM Flag
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By that logic we should ban private schools as well. [ Reply | More
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General Topics 07.02.08, 08:47 AM Flag
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There are plenty of working class public school advocates out there. They comprise many of the most vocal and ultimately most effective critics of the DOE. The DOE knows MC parents will get their kids the "extras" afterschool and in the summers, and are actually more dismissive of them as a group. It's the struggling families that speak up (and many do) that really have the most influence working from a grassroots level. [ Reply | More
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General Topics 07.02.08, 08:49 AM Flag
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That's not what I see and I am pretty involved. The most vocal advocates may be middle or even lower middle class income-wise but almost all are at least college graduates, often with graduate degrees to boot. That's my D3 experience, anyway. [ Reply | More
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General Topics 07.02.08, 12:59 PM Flag
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Never said they hadn't gone to college. [ Reply | More
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General Topics 07.04.08, 07:02 AM Flag
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Right...so all boats sink. Don't teach kids anything that other kids won't be getting. Deprive kids of benefits so that they are all equally deprived. What you're missing is that there is socio economic diversity at many of these public schools that raise significant amounts of money and that ALL the kids in the school benefit, not just the ones whose parents could afford to donate. [ Reply | More
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General Topics 07.02.08, 08:37 AM Flag
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thank you! [ Reply | More
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General Topics 07.02.08, 08:44 AM Flag
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my pleasure! [ Reply | More
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General Topics 07.02.08, 08:45 AM Flag
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Of course not. But endowment is a bit of an overkill for K-8 public schools, do schools like Hunter or Stuy have it? I have never heard of it. [ Reply | More
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General Topics 07.02.08, 01:09 PM Flag
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hunter moms are jealous that they didn't think of it first. [ Reply | More
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General Topics 07.02.08, 04:18 PM Flag
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silly goose - of course Hunter throught of it first! [ Reply | More
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General Topics 07.02.08, 07:54 PM Flag
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Have you heard of Title I schools? They get more funding than a regular school. So the schools with >50% qualifying for free lunch get more money, and the wealthy schools raise their own money. It's the schools in the middle tier that suffer. [ Reply | More
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General Topics 07.02.08, 07:33 PM Flag
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this is not DOE money [ Reply | More
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General Topics 07.02.08, 08:42 AM Flag
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there is no money yet, and we shall see how much Anderson will get. It will not help them to reinstate the onsite in any case, since then giving $$$ to endowment could easily lead to buying spots for your kids. [ Reply | More
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General Topics 07.02.08, 12:55 PM Flag
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god, you are smart! [ Reply | More
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General Topics 07.02.08, 01:45 PM Flag
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That would have nothing to do with one another. Parents contributing to a parent-run endowment vs. administration handling admissions. If you knew anything about the school you'd know that former parent leaders, including BIG TIME contributers had siblings rejected by onsites in the past. Onsites had integrity although many, many times promises of large checks were made, but always rejected - endowment or not. [ Reply | More
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General Topics 07.03.08, 01:25 PM Flag
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bs [ Reply | More
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General Topics 07.03.08, 03:32 PM Flag
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You want to believe that's bs, but facts say otherwise. You don't know the true history. [ Reply | More
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General Topics 07.04.08, 07:00 AM Flag
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NP: Don't you think the opportunity to try to buy your way into the school existed since it's been around? No need for an endowment to have had that opportunity. Still, it never ever happened. [ Reply | More
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General Topics 07.04.08, 06:31 PM Flag
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Stuyvesant and Bronx Science have endowments. Also LaGuardia, I think. Lots of schools are starting to do this to help weather the storm of future budget cuts/recession years. [ Reply | More
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General Topics 07.02.08, 07:01 PM Flag
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Interesting! Thank you very much for the feedback. [ Reply | More
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General Topics 07.03.08, 06:43 AM Flag
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Bard HS also is in the process of building an endowment. [ Reply | More
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General Topics 07.04.08, 12:39 PM Flag
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Hunter also has an endowment; just as many public colleges do (City, Hunter, SUNY colleges). It's SOP in public education. [ Reply | More
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General Topics 07.02.08, 07:02 PM Flag
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that's how an endowment works. the money sits there, and only the interest is spent. It's invested conservatively so a $500,000 endowment might yield $25,000 annually. None of the actual money is ever spent. [ Reply | More
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General Topics 07.04.08, 06:43 PM Flag
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