Dear Friends of MBEF and the MBEF Endowment,
The Manhattan Beach Education Foundation Endowment provides critical financial support for MBEF’s mission to enrich teaching and promote innovation and academic excellence in the public schools of Manhattan Beach. Our Endowment provides a stable and consistent source of funding that avoids fluctuations in the economy and the unpredictability of state funding for education. This helps to ensure our schools are filled with enrichment opportunities today and for years to come.
As we continue to manage the impact of the pandemic, I am proud to share that the MBEF Endowment has continued on its phenomenal trajectory. Generous gifts from our supporters, and strong long-term investment returns, have fueled the MBEF Endowment balance to over $24M. In 2021, the Endowment disbursed $1M, or 19%, of the total MBEF annual grant to the Manhattan Beach Unified School District. As the principal continues to grow, so does its annual disbursement.
We are grateful to those individuals who had the foresight to establish the MBEF Endowment with just $10,000 in 1986, and to all of the dedicated Endowment Donors who have helped us continue its success since then.
By supporting the MBEF Endowment, you strengthen our schools now and for generations to come. You create community, support innovation, and help send our students into the world with the skills they need to become the next generation of leaders.
Thank you for joining us in this important effort to sustain quality public schools in Manhattan Beach.
MBEF Endowment President