Jacobson Legacy Scholarship
Laurence School puts a high value on equality and diversity, and your gifts to the Jacobson Legacy Scholarship Fund make a Laurence education possible for a wider range of families. We believe that by drawing from a more varied population, socially, culturally, and economically, our entire community benefits not only now, but for generations to come.
Q. Doesn't Laurence already provide scholarships and financial aid?
A. Yes it does. However, all financial aid is currently paid for out of the school's operating budget, which means that our ability to provide scholarships is dependent upon a wide variety of economic circumstances. The goal of this fund is to grow its principal to the point where it can be converted into an endowment fund that is self-supporting.
Q. How long will it take for the fund to become self-supporting?
A. The amount of time it will take for the principal in this fund to earn enough income to pay for scholarships depends upon how quickly donations to this fund build up the principal. In the meantime, all contributions to the Jacobson Legacy Scholarship Fund are invested and earmarked for the future purpose of becoming an endowment.