Endowments are permanent funds in which the principal is held in perpetuity and the investment income is paid out annually. Endowment gifts provide long term sources of funding for the College. Endowed funds support activities not just for one year, or even one generation, but forever. These funds are invested prudently to ensure they can sustain current and future needs.
An endowed fund is established through a minimum gift of cash or stock totaling $20,000 and can be established with a multi-year pledge. Endowed funds also may be created through a number of gift planning options. Endowments can be very specifically focused or they can be generally designated for the most critical needs. An endowment can be named in honor of an individual, colleague, or family member, as well as an organization, foundation or corporation. Edgewood College will recognize endowment gifts through a number of opportunities including membership to the Sr. Mary Nona McGreal Society.
Benefits of Establishing an Endowment
- Serves as a permanent named tribute
- Provides for future generations
- Provides lasting stability for faculty and student support
- Supports future needs of the College
Endowment Support Areas
- Academic Programs
- Faculty Development
- Civic Engagement
- Greatest Needs of the College