The MBEF Endowment Fund
Great Schools Today. Great Schools Forever. This is the goal of the Manhattan Beach Education Foundation – to provide excellent educational opportunities for all students through our community schools. MBEF’s Endowment is the cornerstone of this mission, supporting and sustaining quality public education here in Manhattan Beach now and for generations to come.
Early in its development, the MBEF Board of Directors established the MBEF Endowment Fund as a stable, secure and self-sustaining source of funding. Modeled after university endowments, the goal of MBEF’s Endowment is to serve as a permanent fund to enhance and stabilize the long-term growth of MBEF’s annual contribution to the Manhattan Beach Unified School District.
Mission
The MBEF Endowment provides MBEF with a continuing and sustainable funding source that will expand and enhance the quality of public education in Manhattan Beach, now and for generation to come.
shaping a strong tomorrow starts today
There is an old proverb that says, "A society grows great when people plant trees whose shade they know they shall never sit in." Nearly four decades ago, a handful of Manhattan Beach parents and community leaders planted just such a seed, making an investment not for themselves, but for generations of students they would never know. Today, their vision lives on in every classroom, every opportunity, and every child whose future has been shaped by the enduring legacy of the MBEF Endowment.
Grow $5 Million in 5 Years
The MBEF Board of Directors is committing to build on the Endowment’s legacy with an ambitious and meaningful goal to Grow $5 Million in Five Years. This is not a short-term initiative, but a deliberate investment in long-term stability—ensuring MBEF can continue to support our schools through changing economic conditions, fluctuating state funding, and future uncertainties.
Thank you for considering a gift to the MBEF Endowment. Your generosity helps provide MBEF with a continuing and sustainable funding source that will expand and enhance the quality of public education in Manhattan Beach, now and for generations to come.
ENDOWMENT GROWTH
Established in 1986 with just $10,000, the Endowment has grown to over $30 million and now contributes more than $1 million annually to our schools—more than 15% of MBEF’s total grant to MBUSD. Modeled after university endowments, this growing fund ensures a self-sustaining investment in our students and programs year after year. It protects the quality of public education from economic uncertainty and shifting state priorities, allowing MBEF to plan for the future, protect critical programs, and keep our schools strong for the next generation of learners.
ANNUAL DISBURSEMENT
The Endowment’s Investment Committee follows a prudent investment strategy guided by an established Investment Policy(opens in new tab), while annual distributions are governed by a Disbursement Policy(opens in new tab) aligned with the Uniform Prudent Management of Institutional Funds Act of 2006 (UPMIFA).
As the Endowment continues to grow, so will its annual support for our schools, creating a stable, permanent source of funding that helps ensure educational excellence for generations to come.
