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Alumni-led endowment aims to boost Faribault activities, target fund set at $30 million
Summary
A community committee unveiled the Falcons Activities Endowment to supplement district activity budgets, with near-term goals to double supply budgets and reduce student fees and a long-term ambition to fully fund school activities.
Ken Hubert, a retired Faribault activities director, told the school board on Oct. 27 that a community committee has created the Falcons Activities Endowment under the Faribault Foundation to support activities at Faribault High School and Faribault Middle School.
"This group has created an endowment fund meant to support Faribault activities," Hubert said, explaining that endowment principal would remain intact and the committee intends to use investment earnings to support athletics and…
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