Stoughton School Committee AgendaPacket 2026-05-26
Endowed Griffin-O’Donnell Bridge Fund Tied to Vanguard DAF
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Description
Stoughton Public Schools plan to establish the Griffin & O’Donnell Bridge Fund, an endowed gift of up to $400,000 funded in part through recommendations from the donor’s Vanguard Charitable Endowment Program account. The fund will be invested in perpetuity and will support annual memorial flowers for teachers and small bridge grants for student needs, subject to annual spending caps.
Contract Details
Contract Amount
$400,000 (intended Principal); annual expenditures capped at $24,000 ($30,000 first year)
Vendor
VANGUARD CHARITABLE ENDOWMENT PROGRAM
Agency
Stoughton Housing Authority, MA
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Endowed fund in perpetuity; effective May 26, 2026 upon School Committee vote
Renewal Info
Endowment is intended to operate in perpetuity. Dollar thresholds and annual spending caps may be adjusted every 10 years for inflation and fund growth by mutual agreement or by School Committee vote if no donor designee exists.
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Stoughton Public Schools Elementary School Building Committee Agenda 2026-05-27
Stoughton Public Schools Elementary School Building Committee Agenda 2026-05-27
Stoughton Select Board Agenda 2026-05-26
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