Endowed funds are invested to provide income in perpetuity. Each year a portion of the income generated from the principal is released to be used for the specific purpose for which the fund was established.
Typically, endowed funds provide money for student scholarships which may be restricted based on geography or area of study. Endowed funds also support scholarly activity or provide travel or award funds for research or exemplary achievements.
Often, an endowed fund is established to recognize and honor a person such as a mentor or a deceased family member. If desired, a donor can fund an endowment over a period of years.
If you are interested in establishing an endowed fund, or adding to an existing fund, please contact:
Toby Tobrocke
Director of Development
(800) 847-3000 ext. 2793
I also think the college's mission is an important one - even more so as economic conditions and war put so many adults in need of what the college has to offer.
