endowment fund

The College has an $85 million endowment fund, which is an accumulation of donations and gifts from alumni, friends of the College, and residents of Lake Forest since the start of LFC in 1857. The endowment fund is essentially the “saving account for the College,” according to President Stephen Schutt. The Board of Trustees and an investing committee decide how to invest the money in order to make a return of about 6 to 7…