H.C.E
P.O. Box 421
Hopkinton, MA 01748

Why an Endowment?

Colleges have endowments, why not a community? This Endowment is a savings account for Hopkinton. Our community was actually founded with an endowment in 1715. Hopkinton’s population has more than doubled over the last 15 years. Over 50% of residents have lived here for less than 6 years and represent a significant change from our historic demographics. Larger operating expenses, and the cost of major capital improvements such as schools and public safety buildings, have outpaced new revenues, escalating town taxes and fees. The Endowment is a saving account for Hopkinton.

Goals

Contribute to Hopkinton’s economic stability. Help reduce the exempt debt on capital expenditures and projects, to help lower property taxes for everyone.

Provide a financial means for Hopkinton to Help Hopkinton. Individuals and businesses make tax-deductible donations to the HCE. The HCE prudently invests and manages contributions. Periodically it donates funds to the town towards paying off debt associated with capital projects.

Raise an initial $1,000,000 to create a foundation of principal and investment income. Through fundraising such as its annual fall Telethon and contributions from the public, the HCE is building a significant pool of money.

Provide the community with early results. When it surpassed a quarter of a million dollars, the HCE donated funds for the town to pay off a police cruiser. More donations will be planned for the future, as the Endowment grows.