NCHSAA Endowments

FUND USAGE

Since its inception in 1991, the purpose has morphed as Board members have rotated and Association and schools' needs have changed with the times. Initially, the intent was to provide funds for the NCHSAA to use to underwrite special events, championship events and other programs and services for member schools if funds were not available through corporate support.

In light of a healthy corporate program, including Host City Partners, the Board initiated distribution of funds in 2000/01 to all member schools for interest income generated. Reimbursements were calculated based on the number of student athletes at each respective school. Between 2000/01 and 2007/08, a total of $670,000 was distributed accordingly to NCHSAA member schools.

Interest income uses have varied. Between 1994/95 and 1998/99, a total of $215,000 was approved by the Board to underwrite Olympic Sports championship events. The funds were utilized to offset expenses related to championship events for volleyball, men's and women's tennis, men's and women's basketball, track & field, swimming, football, wrestling, men's and women's golf as well as a non-sports event, the Hall of Fame Banquet. In addition, in 2007/08, due, due to loss of funding in the Winston-Salem community, slightly over $45, 000 was designated to cover football-related expenses.

More recently, through campaign efforts, several scholarships have been established to benefit young men and women annually as they continue their education beyond the secondary level. Since 2005/06, $21,000 in scholarships have been awarded to deserving student athletes.

Finally, between 2007/08 and 2009/10, the NCHSAA undertook a project to offer AED (automated external defibrillator) units to member schools in need. Over 100 units were placed as a result of the NCHSAA AED Placement Project at a cost of about $150,000 - funded by Board designated funds from the NCHSAA Endowment Fund.

In addition, two cash award programs were established to recognize outstanding coaches, the Toby Webb Coach of the Year Award and the Pat Gainey Coach Award. Since their inceptions, $18,000 has been awarded.

$1,119,000 is the amount of interest income utilized since 1994 for: distribution of funds to member schools, offsetting costs of Olympic playoff events and special events, student scholarships and cash awards to Member School Administrators.

Mission

The North Carolina High School Athletic Association seeks to encourage ongoing statewide support in perpetuity through the NCHSAA Endowment Fund and Hall of Fame Endowment to benefit member schools through the cultivation, financial management, and distribution of contributed funds to enhance Association services and programming to youth in North Carolina.