Private funding, once a staple of exclusive educational institutions, is now integral to maintaining and enhancing local public school systems.  Last year, the Summit Educational Foundation's (SEF) Annual Fund invested over $400,000 in teacher and district-initiated grants.  On Friday, October 1st, the organization publicly announced an endowment, which will ensure a reliable income to help support long-term projects.  “SEF is taking a proactive step in establishing the Endowment Fund,” says Nora Radest, Endowment Committee Co-Chair.  “With $3.5 million in committed pledges, SEF hopes to secure $5 million in funding to enrich our children’s educational experience.”