Endowment gifts are gifts that keep on giving as they are invested in the School's endowment and have the opportunity to grow. Income from a healthy endowment will further enable the School to hire and retain top educators, to offer competitive salaries and benefits packages, and to invest in continuous professional development, as well as operate the School. A strong endowment also keeps the school financially stable during economic downturns and ensures its long-term viability.

Currently St. Luke’s School is actively raising unrestricted funds for the Endowment. It is a commonly accepted index among independent schools that the endowment for a school such as St. Luke's should produce income equal to 10% of the operating budget. Endowment growth is an important strategic priority for the School in the coming years.

Conceived by a generous and dedicated alumnus who became the Fund’s first donor, the Richard M. Whitcomb Scholarship Fund will provide scholarship funds for students of promise who could not otherwise afford a St. Luke’s education.

The Fund is named in honor of Dick Whitcomb, Headmaster Emeritus, who retired from St. Luke’s School in 2002. Dick served the School for forty-one years, including twenty-two as headmaster. The first Whitcomb scholarship was awarded in the 2005-2006 school year, and as the fund grows through the generosity of donors, we will be able to support more deserving students.