2022-2023 Flint Hill School - Endowment Report

2022–2023

ENDOWMENT REPORT

2021–2022

ENDOWMENT REPORT

LAYING FOUNDATION FOR THE FUTURE THREE DECADES AGO, Nate and Al Gene Davis were in search of a new school community for their son, Taylor. Their neighbor, Bill Hazel, happened to be the nephew of Flint Hill’s Founding Chairman Til Hazel and suggested they take a look at becoming Huskies. Nate was impressed by the learning environment the School offered and made the decision to enroll. They have been members of the Husky community ever since. Their children, Taylor ’03, Darren H’05, and Jasmine ’08 are all Flint Hill alumni and Jasmine even came back to teach. These days, Nate and Al Gene enjoy their status as Flint Hill grandparents with Carter ’30, currently in his final year in the Lower School. Nate also serves on the Board of Trustees.

RIGHT:

Three generations of the Davis Family, Back row: Nate, Jasmine ’08, Taylor ’03, Front row: Al Gene, Carter ’30, Darren H’05 and Brooke Branam ’03

Scholarship in 2000. As Nate recalls, “We wanted to help others get the same kind of advantages that Taylor was getting in a school like Flint Hill.” Today, the School has grown to 43% students of color.

Reflecting on the sacrifices his parents made for his own education, Nate says he hoped the scholarship would help lay a foundation for success that he knows was laid for him. “Coming from where my parents lived in the South, and the things that happened to them, I appreciate the tough decisions they made to move where I would get better schooling and better education.”

As philanthropists who understand the transformative impact of a high-quality education, Nate and Al Gene were eager to establish a vehicle, in the form of this endowed fund, to increase access to a Flint Hill education for other families.

“I think I am where I am because somebody took

While Nate and Al Gene had long been supporters of Flint my life. Not just my parents, but others. And I Hill’s annual giving, they were drawn to strengthening the want to give that back. I want to see kids have School’s endowment knowing that same opportunity to grow and to learn, and that endowment gifts grow over time. There isn’t always instant develop a good life.” gratification with endowment giving, but there’s the fulfillment –Nate Davis P’03, H’05, ’08, GP’30 of knowing your support will be felt long-term. As Nate puts it, “We’re not going to build an endowment in one year or five years that’s going to affect the tuition.

During his many years at Flint Hill, Nate has been But over 15 years or 20 years, we’re going to end up with proactive in helping to grow the number of diverse a multimillion-dollar endowment that really makes an families in the community. When Taylor first enrolled impact.” in 1996, he was one of just a few students of color in his class. Nate reflects on that being the impetus for the In 2023, Nate and Al Gene made an additional gift to establishment of the Davis Family Endowed Minority their endowed fund to provide financial aid for a Lower

the time to give me opportunities all throughout

A FAMILY AFFAIR In October 2020, Taylor Davis ’03 and Brooke Branam ’03 were married in a beautiful, intimate wedding ceremony held inside the Hazel Academic Building on the Lower School Campus, where they met as students in 1997!

School student of color. Their goal was to make this opportunity available to students at a young age, when a private school education may be even more out of range.

Nate notes that it can take a young family some time to be in a position to afford tuition, so providing assistance at the Lower School level would be meaningful for parents who are early on in their careers.

“We wanted to help students who were at the focal point, the fork in the road,” Nate says. “Where, if they went to the right school and got the right kind of education, they could really go far.” Nate and Al Gene appreciate that their gifts to the endowment fund increase in impact when students have financial support from Lower School through graduation.

For Nate and Al Gene, Flint Hill has transcended just being the place where their kids went to school. “Once a Husky, Always a Husky,” Nate confirms. “We’ve been connected to the school through so many different ways over such a long period of time; now it’s in our blood.”

Nate says he is in awe of the growth and transformation he has witnessed at Flint Hill while he has been a member of the community. And all the while the School has continuously uplifted the core values that spoke to him when he first set foot on campus way back when.

Before you can build a legacy you have to build a foundation. In helping to lay that foundation for so many deserving Huskies through the Davis Family Endowed Minority Scholarship, Nate and Al Gene are building their legacy of impact.

“Making a gift of appreciated stock can be a mutually advantageous way to give to the School. When I give appreciated stock I’m able to deduct the full value of my gift without incurring captial gains tax and all the appreciation that was in that stock goes to the school. So, it’s good for both of us. And most important, it’s good for the students!”

–Nate Davis

Wondering how you can support these endowment funds or create your own legacy at Flint Hill? Please contact: ASSISTANT HEAD OF SCHOOL FOR INSTITUTIONAL ADVANCEMENT

DIRECTOR OF ENGAGEMENT AND STEWARDSHIP

Meredith Cook VanDuyne 703.584.2351 mvanduyne@flinthill.org

Tiffany Parry 703.584.2364 tparry@flinthill.org

OUR INVESTMENT APPROACH

2022–23 ASSET ALLOCATION

The endowment is overseen by Flint Hill School’s Board of Trustees’ Investment Committee. The committee is guided by its Investment Policy Statement and advised by Wells Fargo Advisors.

The committee monitors endowment performance and keeps the Board apprised. Additionally, the committee is responsible for reviewing and recommending adjustments to the Investment Policy Statement.

To support the School’s long-term objectives, endowments maximize investment returns without exposure to undue risk.

The Investment Committee aims to pursue a general policy that will diversify investments to provide a balanced approach that will enhance total return while avoiding undue risk concentration in any single asset class or investment category. The long-term investment objective of the endowment is to maximize investment returns without exposure to undue risk. It is understood that fluctuating rates of return are characteristic of the securities markets. The greatest concern is the preservation of capital and the need for long-term asset appreciation.

Currently, the Investment Committee uses the following asset allocations when determining endowment investments: Equities 55%

Cash & Equivalents 5%

Fixed Income 30%

Non-traditional 10%

10% 5%

55% 30%

OUR SPENDING PHILOSOPHY It is the current policy of the School to annually distribute an amount no greater than four percent of a three-year rolling average of the endowment’s total asset value as of July 31.

FLINT HILL SCHOOL ENDOWMENT YEAR ESTABLISHED

7-31-23 MARKET VALUE

FY 2022–23 DISTRIBUTION

Alloy Family Endowed Fund

2012

$275,937.77

$7,926.94

Carbonell Family Endowed Fund for Financial Aid

2012

$1,315,693.01

$37,796.27

Davis Family Endowed Minority Scholarship Fund

2000

$634,132.84

$8,129.35

Hunter Family Endowed Scholarship Fund

2007

$382,914.47

$11,000.09

John M. Thomas Endowed Scholarship

2022

$211,535.12

$5,973.39

The Lindsay Family Scholarship Fund

2017

$74,189.80

$1,930.18

The Mary and Daniel Loughran Endowed Scholarship Fund

1997

$388,782.88

$11,168.67

Parents’ Association Endowment for Financial Aid in Honor of Sally Hazel

2012

$851,718.02

$23,356.95

Peter Brendsel Family Fund

2007

$287,767.96

$8,266.79

Rota Lee Endowed Scholarship

2021

$98,097.00

$2,818.06

The Dunn Family Endowed Fund for the Advancement of Academic Excellence

1999

$92,858.44

$2,667.57

Faculty Summer Study and Enrichment Endowed Fund

2007

$164,129.44

$4,714.99

Brody Endowed Memorial Fund

1993

$36,914.30

$1,060.45

Colonel Alan Ferguson-Warren Endowed Memorial Scholarship Fund

1993

$22,136.04

$635.91

Colonel Wilber M. Gaige Jr. Endowed Scholarship Fund

1997

$87,253.73

$2,506.56

Driving Spirit Faculty Awards

2006

$214,652.73

$6,166.39

Jasper P. Horne Jr. Endowed Memorial Scholarship

1993

$72,270.14

$2,076.12

Rota Lee Memorial Endowed Prize

2021

$10,899.67

$313.12

Anne Hazel Endowed Lecture Series Fund

2001

$55,286.11

$1,588.51

The Stephen Case Foundation Endowed Fund for Technology

1998

$87,210.11

$2,505.31

William A. Hazel Family Learning Center Endowment

1999

$431,756.98

$12,403.20

General Endowment Fund

2006

$585,942.52

$16,832.53

John T. Hazel Jr. Leadership Endowed Fund

2012

$43,605.02

$1,252.65

Total 2022–23

$6,425,684.10

$173,090.00

NEED-BASED SCHOLARSHIP/ FINANCIAL AID FUNDS

INSTRUCTIONAL & PROFESSIONAL DEVELOPMENT FUNDS

PRIZE AND AWARD FUNDS

SPECIAL USE FUNDS

GENERAL ENDOWMENT FUNDS

THANK YOU!

Your investment not only makes a difference today but will have a profound impact on Flint Hill’s future.

FLINT HILL ENDOWMENT HISTORY 7

TOTAL ENDOWMENT BALANCE (All FIGURES IN MILLIONS)

6

5

4

3

2

1

0 2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

YEAR END (JULY 31)

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023