$160,000
AS OF JANUARY 1, 2022
Dear Friends of Waukesha West Athletics,
It is with great excitement that I announce the creation of the Waukesha West Athletic Endowment Fund. The purpose of our endowment fund is to invest in and plan for the future of Waukesha West Athletics now, such that funds donated can multiply through the earnings of an investment account. We believe taking a more strategic and proactive approach will allow this fund to provide substantially for our student-athletes for many years to come.
In May 2014 we “crossed the finish line” for our Fields of Many Dreams project. This initiative to install synthetic turf at all three Waukesha High Schools carried a price tag of $1.5 million. The project endured many obstacles along the way due to a troublesome economy, lack of clarity around the project, and unrealistic expectations. Although we are elated three years later to see turf installed at West High School, we also hope to never go through the same fundraising process ever again. We believe the start of our endowment fund will be the strategic answer in making future dreams come true.
At the collegiate level endowment funds are widely used, and the tool has proven to meet the demands of successful athletic programs. As we begin the Waukesha West Athletic Endowment Fund (WWAEF), West High School will be one of the only public schools in the state to operate an endowment fund. This forward-thinking approach will enable us to continue improving the student-athlete experience our children deserve.
Waukesha West High School proudly coordinates 29 athletic teams and clubs. Since our school opened for the 1993-1994 school year, the Wolverines have established a strong foundation of excellence, including 23 state championships and 70 conference championships. As you read this letter, I am certain that Waukesha West Athletics have made a positive impact on the lives of you and your loved ones as a participant, parent, or fan. I encourage you to consider giving back through the WWAEF in order to ensure that future Wolverines are able to celebrate the same type of experience that you have enjoyed.
The harsh reality of public school athletics is that our budget only continues to shrink. In order to maximize the student-athlete experience in the manner that our children deserve, private funding sources have become more and more critical. We believe that taking a strategic approach to raising and investing funds over the long term is a far superior to raising funds on a project by project basis as individual project needs arise.
Please thoughtfully consider a strategic investment in the future and become a Waukesha West Advocate by contributing to the Athletic Endowment Fund. The future will be bright with your partnership!
Go Wolverines!
Kyle LeMieux
Waukesha West Athletic Director & WWAEF President
The Waukesha West Athletic Endowment fund was created in May 2014 in order to:
Please consider joining this strategic investment opportunity for Waukesha West Athletics now!
Donations made to the Waukesha West Athletic Endowment Fund (WWAEF) are placed into an investment account managed by Merrill Lynch, whereas the interest generated will provide supplementary support for West Athletic programs. It is the intention of the WWAEF to never use the principle, but rather to award portions of the interest generated in an increasing amount over time.
Phase 1 –
Accumulation: Years 1-3 – No Funds Used
Phase 2 –
Partial Spending: Years 4-7 – Maximum spending 50% of investment account gains
Phase 3 –
Fully Operational: Years 8+ – Maximum spending 90% of investment account gains
As the WWAEF grows in principle over time, the earned interest has the potential to make a significant impact for West Athletics!
In 2024, if we have met a goal of $250,000 in fundraising, the earned interest would be approximately $25,000 annually! If we meet a goal of $500,000 raised, the earned interest would be approximately $50,000 annually! Just think of the dramatic change that can take place with the aid of these funds.
The Waukesha West Athletic Endowment Fund (WWAEF) will aim to raise funds through a variety of opportunities including but not limited to:
If you would like to make a tax-deductible donation, please make checks payable to Waukesha West Athletic Endowment Fund. WWAEF is a 501(c)3 organization. Please send all donations to:
Kyle LeMieux – WWAEF
262-970-3911
Waukesha West High School
3301 Saylesville Rd.
Waukesha, WI 53189
Beneficiary Designations
You can name the Waukesha West Athletic Endowment Fund as a beneficiary of your bank savings accounts, mutual funds, brokerage accounts, life insurance, annuities, or IRAs.
Retirement Accounts
A gift of a retirement account at the death of the account owner can benefit both you and your heirs. You will retain full control of the funds during your lifetime. At death, your retirement account gift will go directly to the Waukesha West Athletic Endowment Fund.
Life Income Trusts
You may create a charitable remainder trust by transferring cash, securities or other property to a trustee (usually a bank), which will pay a yearly income to a beneficiary of your choice.
Life Insurance Policies
You can name the Waukesha West Athletic Endowment Fund as a beneficiary of your Life Insurance Policy so that the school will receive a percentage of the proceeds.
Gift Annuities
Making a permanent gift of cash or securities creates a charitable gift annuity to the school, which, in turn, agrees to pay yearly income to you (or to you and then to another designated income beneficiary such as a spouse or child) for life. The school receives the principle upon the death of the donor, or that of a second income beneficiary if it is a two-life contract.
Bequests and Wills
You may indicate that the school is to receive a certain sum of money, a particular piece of property, or a percentage of your estate. Contact Kyle LeMieux, 262-970-3911, Waukesha West High School, 3301 Saylesville Rd. Waukesha, WI 53189.
Or search for Waukesha West Athletics Capital Endowment Fund, Inc!