46
The UMS-Wright
FOUNDATION
T
he UMS-Wright Foundation was established to recognize those who include the school in their wills or estate plans. Their gift is an important way to help ensure the future strength of our school and enable them to have an impact on UMS-Wright beyond their lifetimes. We appreciate their foresight and extraordinary generosity. A planned gift to education is one of the most rewarding gifts a donor can make. Planned gifts for the benefit of UMS-Wright Preparatory School from its alumni, parents, grandparents, and friends will assure continuation of the school’s high level of performance and service, and - directly or indirectly - provide a gift of education to the students of UMS-Wright for many years to come. Such gifts are rewarding in a number of ways: they further the mission of the school; for the beneficiaries they make possible greater cultural and educational advancement; for the benefactor they provide significant tax benefits, but more important, they give the satisfaction that comes from contributing to the future through the advancement of education. UMS-Wright Foundation, December 31, 2020 balances: General Endowment - $6,569,974 Tuition Assistance - $841,650 Athletic Endowment - $280,505 Academic Endowment - $2,446,112 Named Scholarship Endowment - $2,677,442 Total - $12,815,683
UMS-Wright Foundation Facts • The UMS-Wright Foundation started in June 1991, with an initial investment of $1,490,292, from the sale of the Julius T. Wright campus property on University Blvd. • In 1999, the Foundation expanded with a gift of $2,698,428 from the Babe Wilson Estate. • The UMS-Wright Foundation originally consisted of two Endowments, a General Endowment and a Tuition Endowment. Now, the Foundation consists of Five Endowments including endowments for Academics, Athletics, and Named Scholarships. • Presently, there are sixteen Named Scholarships in the Endowment. • The first distribution to the school occurred in 1993 in the amount of $95,000. Over the last 28 years, the Foundation has distributed a total of $8,228,024 to UMS-Wright Preparatory School. Since 2018, the Foundation has received $735,672 in contributions.
2021-2022 Foundation Board Members
F. McKinley Bell, III | Laura Morrissette Clark | Madeleine Lyon Downing | Robert M. Hope, Jr. | Victor H. Lott, Jr. - President | John S. McClelland, Jr. | W. Davis Pilot, Jr. | R. Mitchell Shackleford | Marietta Murray Urquhart
2020-2021 Ex Officio Members
Paige B. Plash, Chairman of the Board of Trustees | Robert C. Baird, III, Finance Chairman, Board of Trustees | Doug G. Barber, Head of School | D. Todd Morris, Finance Director
