HSPVA Friends’ current-use and endowed funds provide essential support for Kinder HSPVA students and programs.

Current-use funds have a full and immediate impact, meeting priority needs today.

Endowed funds are invested for growth in perpetuity, providing predictable gifts to Kinder HSPVA year after year.

Current-Use Funds

Current-use funds support the everyday activities of Kinder HSPVA’s art areas and individual students. You may contribute to any of the following current-use funds at HSPVA Friends:

Gifts to existing current-use funds may be made online, payable by check to “HSPVA Friends”, or via securities, stocks, or bonds. Learn more about how to make your gift.

Create a New Current-Use Fund

You may create a new current-use fund with a minimum gift of $25,000. HSPVA Friends will endeavor to spend the fund in no more than five years.

Endowed Funds

HSPVA Friends’ endowment is comprised of several endowed funds. These funds were created by individual donors, and most are restricted to specific programs or departments.

Endowed funds are invested in a diversified portfolio overseen by the HSPVA Friends Finance Committee and stewarded by outside investment managers. Endowment income grows over time and provides a stream of income in perpetuity. The estimated value of the endowment is $1.2 million, and the average annual spending rate is 4%.

HSPVA Friends is honored to steward the following established endowed funds benefiting Kinder HSPVA students:

  • The Dr. R. Scott Allen Endowment: provides special opportunities for Theatre students
  • The William Franklin Carleton Endowment Fund: provides special opportunities for Dance students
  • The Ed and Birdie Dawley Endowment: provides special opportunities for students in every art area
  • The Mark di Suvero Endowment for Sculpture: provides special opportunities for students pursuing careers in sculpture
  • The Andrea Guenther Endowment: provides special opportunities for piano students
  • The Gay Ann Gustafson Endowment: supports areas of greatest need and provides special opportunities for students
  • The Houston Conservatory of Music/Mozart Hammond Endowment Fund: provides special opportunities for piano and Vocal Music students
  • The Eileen Montgomery and David Sheard Endowment: provides special opportunities for Visual Arts students
  • The Bob Ostrum Endowment for Jazz Studies: provides special opportunities for jazz students
  • The Harris Wittels Fund: provides special opportunities for students pursuing careers in the entertainment industry, with an emphasis on comedy, film, and television

Create a New Endowed Fund

HSPVA Friends gratefully accepts contributions to its endowment, the interest of which provides annual support for Kinder HSPVA students in perpetuity. Creating a new endowed fund is a way to make a significant contribution to Kinder HSPVA while also building a permanent relationship with the school. To create an endowment, HSPVA Friends recommends that initial gifts or pledges be $50,000 or more, with the intent to build the fund up over time. It is the policy of HSPVA Friends that endowments begin at no less than $25,000.

For more information about endowment giving or current-use funds, please contact Alene Coggin, Executive Director, at acoggin@hspvafriends.org.