An endowment fund serves as an institutional savings account. Interest or investment income is used to offset operational expenses, provide needed scholarships, support professional opportunities for faculty, pay for facility maintenance, just to mention a few of the many items that can be funded. 

Typically the corpus of the fund is preserved and is held as an investment in perpetuity with a portion of the income designated to one or many specific purposes. Investment income over a designated amount (set by a formula) is usually retained in the fund to provide a hedge for future inflation. 

Donors have the option of establishing a named endowment designated for a specific purpose and/or named in honor or in recognition of an individual, parent, loved one, or colleague. Other donors give to existing endowment funds or to unrestricted general endowment. Certain types of future gifts can also augment the endowment and at the same time provide for recognition in a current campaign.

The School’s philosophy of making a Cape Henry education available to as many students as possible underlines the need for increased endowment for need-based financial assistance as well as to provide faculty with exceptional professional development opportunities. Our Board oversees that the School’s funds are well-managed and cautiously invested for growth. 

For more information, please contact the Development Office at 
(757) 963-8256.
Unrestricted General Endowment
Unrestricted General Endowment provides a permanent source of income to offset operational expenses and support current needs as determined by the administration and the Board of Trustees. The income from Unrestricted General Endowment enriches the educational programs in numerous ways as well as augments the school’s financial stability.

The William and Judith Audette Honorary Scholarship Fund was established in 2016 by Matthew J. Audette ’92 and Allan C. Lindsey III '88 to support need-based financial assistance in appreciation of the loving sacrifices that their parents made to afford their sons the benefits of an independent school education.

The Class 2010 Endowment Fund for Financial Assistance was established in 2010 by the senior class to honor Arlene Ingram’s work in guidance and college counseling. Arlene’s contributions have made a tremendous difference in the lives of hundreds of alumni and their families.
The Preston S. Creech Memorial Endowment Fund was established by numerous donors in loving memory of Preston. Initial contributions funded the redesign and purchase of equipment for the Preston S. Creech Fitness Center. The income from subsequent donations supports the needs of the Center as well as athletic needs.
The Edward E. Ford Foundation Nexus Scholarship Endowment Fund was established by the Batten Educational Achievement Fund of the Norfolk Foundation to support need-based financial assistance for the Nexus Panama project.
The Gianascoli Nexus Scholarship Fund was established by Michael R. Gianascoli ’89 to help ensure that all students have the opportunity to participate in a Nexus Global Studies experience. The fund supports travel scholarships awarded to students with financial need who exemplify academic achievement and leadership qualities.
The Betty Ann and Ben Huger Family Scholarship Fund was established by the Huger family to recognize annually a ninth grade student in good academic standing with extra-curricular involvement.
The Catherine Siscoe Lewis Cape Henry Family Citizen of the Year Award recognizes an individual’s extraordinary achievements for the benefit of Cape Henry Collegiate. The annual award is given to a selected trustee, student, employee, alumnus, or friend of the school and is presented each year during the graduation ceremony.
The John P. Lewis Endowment Fund for Faculty Development was established by the Board of Trustees in 2015, and supported by members of the school community in appreciation and honor of Jack’s thirteen years of service as Head of School. This fund supports faculty leadership and professional development opportunities, global studies, and curricular innovation.
The Logan/Fellenbaum Choral Endowment Fund was established in 2015 by a group of Cape Henry parents in honor of the extraordinary contributions of Sammie Logan and Valetta Fellenbaum to Cape Henry’s music program and to provide a source of perpetual funding for vocal music education.
The Alice B. Meredith Teacher Enrichment Fund was established by Mr. and Mrs. William F. Rountree, Jr. as a tribute to Lower School faculty member Alice Meredith’s many years of exemplary service and dedication to Cape Henry Collegiate. Funds will be used to attract faculty to our school, as well as provide professional enrichment opportunities for existing faculty members.
The Peregoff Family Endowment Fund for Faculty Development was established by the Peregoff Family in loving memory of Arthur Peregoff. The fund supports teacher professional development, recognizing the importance of a strong faculty in the delivery of a quality education.
The Performing Arts Endowment Fund was established by Mr. and Mrs. Jerry F. McDonnell. This fund supports drama and music programs such as the Cape Henry Players after-school drama program, the Professional Workshop Series, visiting artists, and a variety of instructional clinics. It also provides opportunities for students to be coached and mentored by visiting professionals.
The Perry Endowment Funds were established by the Patricia and Douglas Perry Foundation:
Endowed Chair Fund is a restricted endowment that recognizes and funds strong academic leadership in the form of academic chairs. Financial Aid Fund is an endowment restricted to the support of student need-based financial assistance. Head of School Discretionary Fund is an unrestricted discretionary endowment fund to support unanticipated needs within the Cape Henry Collegiate community.
The Patricia R. and Daniel P. Richardson Endowment Fund for Student Financial Aid honors Pat and Dan Richardson and their commitment to educational diversity. It enables the School to reduce the amount of financial obligation of the operating budget while strengthening an endowment program designed to promote ethnic and economic diversity. It allows the School to continue to offer less privileged or economically disadvantaged students the opportunity for academic and social enrichment.
The Sparks Arts Endowment Fund was established by Mr. and Mrs. James H. Sparks to support the arts program at Cape Henry Collegiate.

The Patricia and Avraham Ashkenazi Nexus Global Education Endowment was established in 2019. This endowment provides financial support for international travel through the Nexus Clobal Studies Program for students demonstrating need. The Nexus classroom was also renamed, The Patricia and Avraham Ashkenazi Nexus Global Education Center
A Leading Independent Coeducational College-Preparatory Day School | Prekindergarten through Grade 12
1320 Mill Dam Road, Virginia Beach, Virginia 23454-2306 | Phone: (757) 481-2446 | Fax: (757) 481-9194

We know, value, and challenge each student. We commit to building a diverse and inclusive community. We graduate independent thinkers and globally aware citizens.
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