Named endowed funds, and unrestricted gifts to the endowment, ensure that the people and programs who make a Hackley education unique are sustained in perpetuity. The endowment’s assets are invested according to policies adopted by the Board of Trustees, and an annual spending rate set by the board is applied to the average of the prior three years’ fund balance. Recently endowed funds include:
The Sheng Family Financial Aid Endowment Fund
Established by Kent, Benjamin ’11 and Julia Sheng ’13, this fund will help to make a Hackley education possible for an Upper School student who could not otherwise afford it, with priority given to a student whose family demonstrates the highest need. The grant will be awarded annually to a student who will retain it while remaining in need and/or until graduating from Hackley.
The Russ Hogg Endowment for Creative Expression
The Strategic Plan’s goals include enriching the educational experience of current students as we push the boundaries of existing Hackley programs, while also serving as an educational leader more broadly. With this vision in mind and inspired by the life work of parent of alumnus and former Hackley Trustee Russ Hogg, Trustee Jason ’89 and Alexandra Hogg P ’19, ’22 established the Russ Hogg Endowment for Creative Expression to foster a spirit and culture of creativity and innovation in students. This endowment will provide application-based grants to Hackley Middle and Upper School students to further their creative expression in all its forms. The funding provided by Jason and Alexandra is joined by additional gifts from friends and family made in memory and in honor of Russ.
The Philip Havens ’49 Endowed Faculty Professional Development Grant
The Strategic Plan prioritizes affirming Hackley as a national leader in teaching excellence. In support of this important goal, the Edward E. Ford Foundation established the Philip Havens ’49 Endowed Faculty Professional Development Grant.
This grant honors the life and legacy of Phil Havens, former Executive Director and Board member of The Edward E. Ford Foundation, Hackley alumnus, and former Assistant Head and Trustee of Hackley School, whom Hackley historian Walter Schneller credited as “an advocate of thoughtful reform and change” during his 25 year tenure as a teacher, coach, and administrator on the Hilltop.
This endowment will help strengthen the culture of professional development at Hackley, promoting lifelong learning, and support the development of networks and relationships beyond Hackley to enrich faculty professional growth. These grants will be open by application to faculty with more than 10 years of experience teaching in Hackley’s Upper School.