Gifts to the Foundation’s endowment are invested and remain in the endowment “corpus” forever, generating ongoing earnings to support the College and its programs. Some specific endowment funds have been established to support scholarships or specific programs within the College; your gift may be designated to any of those specific scholarship funds.
Your gift is invested and managed by the Foundation’s Investment Committee. The Committee’s goal is a balanced portfolio for optimal return and a stable source of long-term funding.
An annually determined percent of a fund’s market value (“Spending Policy”) is paid out to support the designated purposes. After the distribution of the Spending Policy and annual management fees, the remaining balance is reinvested to allow the endowment to grow over time.
Contact the Foundation for more information about establishing a permanent endowment fund.