Lakeside’s Board of Trustees is responsible for managing the endowment. The endowment provides funds for professional development, financial aid, and more. To ensure the endowment’s resources are available for generations of students to come, the Board follows the best practice by spending 4-5% of the endowment each year. Additionally, Lakeside’s endowment funds are restricted, meaning they can only be used for specific purposes. In contrast, the Lakeside Fund is unrestricted, meaning the school can choose to spend the funds raised in the Lakeside Fund to address immediate needs, invest in innovation, and seize opportunities as they arise.