In 1983, former Superintendent Dr. James McGlamery had the vision to establish a school endowment to provide a stable source of funding for non required school programs, such as the fine and performing arts, athletics, and other extra-curricular activities. He realized that these were the first programs to suffer when budget cuts had to be made. With an endowment, these programs would be able to prosper.

Since 1983, the Endowment has grown from a dream to a tremendous asset for Wellington students. All contributions to the Wellington Schools Endowment qualify for a tax deduction by virtue of section 501(c) 3 of the Internal Revenue Code. The Endowment has grown to include over one million dollars in assets managed by the Community Foundation of Lorain County. Donations to the Endowment are never spent, but a percentage of the investment income is returned to fund teacher grants, scholarships, and the Dollars for Scholars program. Since 1987, when the first teacher grant was awarded, the Endowment has returned over $700,000 to benefit Wellington students. The Wellington Schools Endowment has grown to be one of the top five school endowments in Lorain County in terms of funds on deposit.  Nearly every student attending Wellington schools has participated in programs or activities sponsored by the Endowment.

The Endowment presently distributes grants and scholarships to Wellington students in three ways:
· Teacher grants
· Scholarships
· Saving for College

Board Make-up
The Endowment board consists of fourteen members. Six members at-large each serve three-year terms. A representative is appointed for each of the following for a one year term: Board of Education; Alumni Association; Band Boosters; three faculty members, representing each school, selected by the school's superintendent; Junior and Senior classes, selected by the High School principal.