Endowed Funds: An Enduring Gift For Future Generations.
ENDOWED FUNDS: AN ENDURING GIFT FOR FUTURE GENERATIONS
There is no better way to create lasting opportunities at Elmira College than to establish an endowed fund. The funds provide the long-term investments necessary to ensure Elmira College's success.
Endowed funds can be used to recruit promising students, attract and retain renowned scholarship, launch promising research, or any other purpose of your choice. When you establish an endowed fund, you enter into a partnership with Elmira College where our goal is to ensure that your gift can provide consistent support every year while protecting its value across generations. Moreover, you have the satisfaction of knowing that your name- or the name of a friend, family member favorite professor- will be remembered forever.
HOW DO ENDOWENTS WORK?
We invest endowed funds with a pool of similar funds, with the objective of generating a stable source of funding for the College's benefit, now and in the future.
You can decide how to name the fund, for yourself or someone you wish to honor. In some instances, you can also contribute to existing endowed funds.
HOW LONG DOES A FUND LAST?
The principal value of an endowment fund is kept intact, while the investment income can be used for donor directed purposes. Thus, an endowment fund continues to provide support in perpetuity.
WHAT CAN ENDOWED FUNDS SUPPORT?
They can provide crucial support for a wide variety of purposes that enhance the College- Scholarships, professorships, research, study abroad, facilities, or any other area of your choice.
HOW CAN I CREATE AN ENDOWED FUND?
You may establish an endowed fund in several ways:
- Donating Cash
- Donating securities, property, or real assets
- Creating a Planned Gift such as a charitable remainder trust, or by making a bequest in your will
- A combination of these options
WHAT TYPE OF INVESTMENT IS REQUIRED?
The investment amount required depends on the type of fund to be created.
For some
purposes, such as establishing an award or a prize, a minimum gift of
$25,000 is sufficient.
For scholarships and general program support, the minimum gift is $50,000.
For endowed professorships or other similar investments, the amount varies
depending on the purpose of the fund and the academic discipline it is
designed to support.
HOW DO YOU INVEST AN ENDOWED FUND?
We pool endowed funds together and invest them collectively as part of a long term invest program. Its asset allocations are diversified by the asset class and within asset classes, with the intent to maximize returns and minimize volatility. Our investment and spending policies are crafted to make the most of upswings so that we can continue to provide steady reliable support during down times. Elmira College Endowment engages professional investment firms to manage the Long-term Investment Program.
If you're considering an endowed fund or a planned gift but would like to learn more, visit our website at https://elmira.giftlegacy.com/ or contact Angela May, Director of Development, at (607) 735-1893.
