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Established in 1990, the Old Trail School Foundation was created to solicit and receive gifts, establish and review investment and spending policies, and oversee the management of endowment funds for the School. 

Old Trail's Endowment Fund supports the following:

 

Those who teach our children and run our school:  Old Trail School strives for an endowment large enough to underwrite faculty salary increases in excess of inflation.  The single largest component of our annual budget, approximately 75% is devoted to faculty and staff salaries and benefits.  In order to attract and retain the best educators, it is imperative to offer enhanced salaries and benefits.  To avoid total dependence upon tuition to fund salary increases we need a substantial faculty salary endowment.

 

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To create unique learning through diversity:  Old Trail School desires an endowment sufficient to fund financial aid allocations for students who have the academic ability but not the means to attend Old Trail School.  The total amount of financial aid offered each year is approximately 10% of the School's annual income.  The majority of financial aid awards are in the form of tuition discounts.  It would be advantageous to have the ability to offer both fully-funded scholarships to Old Trail and enhance the number of students and families that we are able to serve through these means.

 

The place where we learn:  It is essential that Old Trail build an endowment fund for our physical plant that allows the School  to become less reliant on operating expenses for maintenance and enhancement.  Old Trail has been fortunate to have a wonderful physical plant and location. 
It is imperative for the health of the School's future that endowment funds be established to
handle the facility's yearly maintenance, enhancements and day-to-day upkeep and cleaning.

 

What some call extras, we call essential:  Building an endowment to enhance specific programs of the School will alleviate the burden on the annual operating budget to fund program expenses. An endowment fund that can support specific areas of the program such as the library, technology, geography, professional development and guest speakers, to name a few, will go a long way to provide the strength and excellence in programming that is expected by our families.

 

Foundation Board

Thomas J. Clark
Wachovia Securities, LLC

Dorothy Gaffney

Retired


Michael Galllucci Jr.
The Cornerstone Company

Ronald G. Harrington
Edge Park Surgical

Michael O’Boyle

Cleveland Clinic


Kathryn Hunter
First Akron Corporation


 

Steven D. Wise

UBS Financial Services


Jeff Perry

Antares Management Solutions