Supporting the Mission
Securing the knowledge and health of generations to come
What is an Endowment?
An endowment is a dedicated source of long-term funding, made up of donated gifts, that supports the mission and work of a philanthropic organization like a university, a foundation, or a hospital. Each year, a portion of the endowment is paid out as an annual distribution to fund the organization’s work. Any appreciation in excess of this annual distribution is retained in the endowment so it can grow and support future generations.
Imagining the future of an healthcare facility that will deliver 21st century care in St. Thomas
Why is an Endowment Important?
Many endowments are structured to exist in perpetuity, meaning that the institution must continue to rely on the endowment’s earnings forever.
Because of this, our endowment the Renaissance Foundation Endowment, will not be only for today’s generation, but is for all future generations of St. Thomians, to provide access to quality education and health care, and an improved standard of living.
Guided by this principle of intergenerational equity, the Renaissance Foundation Endowment, will be carefully managed in order to ensure that future generations will enjoy its benefits.
What will the Endowment Support?
The Renaissance Foundation Endowment is crucial to the Foundation’s goal of long-term sustainable economic development, which includes excellence in education (teaching, learning, research, and innovation), healthcare (patient care, wellness, education, and research) as well as the Foundation’s other bold and purpose-driven initiatives and partnerships in St. Thomas, Jamaica, and all over the world.
The endowment will support the Foundation’s strategic objective of looking farther ahead, and imagining the next thing and being on the forefront of it, before it happens.
Not just an institution of higher learning, but of innovation, creating the unimagined future.
Investment Management and Philosophy
The Renaissance Foundation Endowment seeks to provide high (U.S.) inflation-adjusted returns to support future needs of the Foundation. It will work to establish an appropriate risk-adjusted asset allocation and seek out long-term partnerships across the globe with managers who provide deep analytical insights and improve the operations of public and private businesses.
Give to the
Renaissance Foundation Endowment
Whether you’re interested in supporting education, healthcare, or other aspects of our mission—your gift matters. Help strengthen and support the Foundation’s work now and in the future.
Giving to the Endowment
Thank you for considering a gift to the Renaissance Foundation Endowment. If you have questions or need assistance making a gift, you can call 800-800-8001.
How to Make a Gift
There are several ways to make a gift. If you would like to make a gift today to the Renaissance Foundation Endowment you may do so by credit card, or bank transfers, or send a check in the mail. Make sure it is designated as going to the endowment.
If you would like to plan a gift such as:
- stock transfer
- mutual fund transfer
- real estate transfer
- life insurance
- bequests
- gifts that pay income (annuities, trusts)
- and any other assets,
please contact the Foundation by email, or by completing the attached Planned Giving Form, or by contacting a member of the Foundation.
Federal Tax ID #
(United States) 82-1771065
Tax Registration #
(Jamaica) 003-048-845
Your gift supports the Foundation’s strategic priorities and its mission to improve lives and impact futures in service to humanity.
Education matters for
economic development
It is imperative to sustained economic development. Education is truly one of the most powerful instruments for reducing poverty and inequality and it sets the foundation for sustained economic growth.
Education is a critical component of a country’s human capital. It increases the efficiency of each individual worker and helps economies to move up the value chain beyond manual tasks or simple production processes.
The World Economic Forum 2016 suggested three channels through which education affects a country’s productivity.
- First, it increases the collective ability of the workforce to carry out existing tasks more quickly.
- Second, secondary and tertiary education especially facilitate the transfer of knowledge about new information, products, and technologies created by others.
- Finally, by increasing creativity it boosts a country’s own capacity to create new knowledge, products, and technologies.
Healthcare matters for
economic development
Health and prosperity go hand-in-hand. Health performance and economic performance are interlinked. Wealthier countries have healthier populations for a start. Health is an asset that individuals possess, which has intrinsic value (being healthy is a very important source of well-being) as well as instrumental value.
In instrumental terms, health impacts economic growth in a number of ways.
- It reduces production losses due to worker illness, it increases the productivity of adults as a result of better nutrition, and it lowers absenteeism rates and improves learning among school children.
- Health also allows for the use of natural resources that used to be totally or partially inaccessible due to illnesses.
- Finally, it permits the different use of financial resources that might normally be destined for the treatment of ill health.
In sum, health affects economic growth directly through labor productivity and the economic burden of illnesses. Health also indirectly impacts economic growth since aspects such as child health affect the future income of people through the impact health has on education.