Curtis’s founder, Mary Louise Curtis Bok, was a woman of great vision. Encouraged by her friends Leopold Stokowski and Josef Hofmann, she not only conceived Curtis, but she had the foresight to establish a generous endowment that would support the school for the future.
Thanks to wise and careful management, her initial gift of $500,000 (supplemented a few years later by $12 million) has grown. Over time other generous friends have similarly made mission-sustaining contributions to Curtis, during their lifetimes and through their estates.
Such forward-thinking generosity has given Curtis a sound financial foundation, allowing the school to engage in immediate and long-term strategic planning to assure its leadership position among the world’s greatest conservatories.
In recent years, income from Curtis’s endowment resources—around 5 percent annually—has supported roughly 75 percent of Curtis’s annual operating budget and perpetuated the full-tuition scholarship policy benefiting every student.
With the global economic downturn causing a decline of about 30 percent in the value of Curtis’s endowment, it is essential that this vital resource be rebuilt through new gifts while anticipating the market’s recovery. Endowing curricular programs ensures that Curtis will be able to maintain and expand the level of excellence that is synonymous with a Curtis education.
Curtis offers many naming opportunities for donors who wish to support the endowment, including:
Donors to the Curtis endowment are recognized in school publications, on a plaque outside of Field Concert Hall, and in press releases regarding Curtis fellows, faculty, and programs.
Donors may give in several ways
:: One payment
- A pledge of five or fewer years
- A bequest or other testamentary gift (part of an estate plan)
- A life-income plan (such as charitable remainder trusts, the Curtis Pooled Income Fund, and charitable gift annuities)
- Other planned gifts, such as a lead trust
Charles Sterne III, director of principal gifts and planned giving, (215) 717-3126