Category Archives: Support HC

Support HC

Donate to Holy Cross College

At Holy Cross College, the support of our alumni, parents, and friends has never been more important. Currently, tuition only covers 68 percent of the cost to educate a student. With government support decreasing and costs increasing, donations from generous donors like you keep a Holy Cross education accessible, effective, and transformative.

Thank you for your support. It means the world to our students.

The Critical Need

  • Over 90 percent of Holy Cross students receive some form of financial aid.
  • The average financial aid package for 2015 was $24,145.
  • In 2015, Holy Cross College gave students $6.5 million in scholarships and financial aid.
  • This year’s incoming freshman, the class of 2019, were awarded $2.2 million in scholarships and financial aid.

The need for philanthropic support at Holy Cross College has never been greater. Make your gift today!

My HCC Gives Back


 

DAY OF GIVING

April 5, 2017

We are excited to announce that Holy Cross College is preparing to celebrate its first ever Day of Giving, a chance for our entire Holy Cross College community to share experiences, give back, and look forward. You might volunteer to spread the word, wear Holy Cross colors, or share how your life was changed because of Holy Cross College.

For many of you, a day of Holy Cross pride will also include making a gift that will have an extra impact by helping to unlock $25,000 in challenge gifts, providing additional support for some of our most active affinity groups at the college.

WHAT YOU CAN DO


My HCC


Support student scholarships

Student Scholarships

At Holy Cross, we strive to ensure that students who want to pursue an education have the financial support they need. Be a part of helping our students receive the funding they need to achieve their academic goals.

Be one of 25 donors to unlock an extra $5000 for student scholarships!

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Support Frohne emergency fund

Frohne Student Emergency Fund

By supporting the Frohne Student Emergency Fund in memory of our beloved professor, Vickie Frohne, Ph.D., you will help ensure that our students’ academic experiences will not be hindered by small emergency costs that arise throughout the academic year. This might include things like books and other essential academic expenses or travels costs due to family illness or death.

Be one of 25 donors to unlock an extra $5000 for this fund!

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Support campus ministry

Campus Ministry

Each year, we support the faith and religious experiences of our student’s spiritual programming and initiatives through Campus Ministry, including special masses, trips, and retreats.

Be one of 25 donors to unlock an extra $5000 for Campus Ministry!

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Support student life

Student Life

Your support to student life programs helps foster the out-of-classroom experience by providing opportunities for students to create lasting memories and life-long friendships. Your gift will help support student life programming and the various clubs on our campus.

Be one of 25 donors to unlock an extra $5000 for Student Life!

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Support athletics

Athletics

Be a part of supporting 100 of our students who participate in student athletics. An NAIA school since 2008, our Saints athletic programs are rapidly growing and breaking records every year!

Be one of 25 donors to unlock an extra $5000 for athletics!

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Give a Gift


On April 5, your gift will go even further, because every unique gift we receive will help us unlock an extra $25,000 in challenge gifts for some of our most active affinity groups at the college: athletics, student life, campus ministry, scholarships, and our special new student academic emergency fund.

Please visit give.hcc-nd.edu/myhccgives or call (574) 239-8344. Gifts received by April 5, 2017, will be counted towards the challenge gifts.

Thank you so much for all that you do!

thank you 2


Get Involved


Sign up to be one of our ambassadors at give.hcc-nd.edu/ambassador2017, and be eligible to win special prizes.

There are even more ways to get involved as an alumni or parent by visiting www.hcc-nd.edu/alumni

alumni get involved too


Be a Saint


Wear your Holy Cross gear!Wear your Holy Cross gear, connect with your classmates, and share your story on social media. Use #MYHCC to join in the day.

Need Holy Cross gear? Visit the Hammes Bookstore online, www.bkstr.com/holycross-hammesstore/home, to get ready for My HCC Gives Back!

Visit Holy Cross College on social media.
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FAQ


Q: What credit cards do you accept?

A: We accept Visa, American Express, Discover, and MasterCard.

Q: If I mail my gift, will it count toward the goals for Day of Giving?

A: Yes, any gifts received on or before April 5 will count. Additionally, any gift made in response to our My HCC Gives Back mailing or made online from March 5 – April 5, 2017, will automatically count.

Q: If I split my gift, will each split gift be matched?

A: We appreciate your support and desire to maximize the matching benefit to the college. To encourage broad involvement, the challenges were offered based on each unique donor who makes the gift, not each gift.

Q: Can I choose where to direct my gift?

A: Yes! Gifts of any amount to athletics, student life, campus ministry, student scholarships, and the Frohne Student Emergency Fund will count toward the day of giving, My HCC Gives Back, and are eligible to unlock the challenge gifts. To designate your gift to a specific area or fund, go to give.hcc-nd.edu/myhccgives, Make a Gift, then select Designations.

Q: May I give a gift in memory or in honor of someone?

A: Yes, absolutely. Please include the name of the person you wish to remember or honor.

Q: I’d like to get involved at Holy Cross. Where can I request volunteer information?

A: Thank you for your interest to lead and serve at Holy Cross College. Please visit www.hcc-nd.edu/alumni for information on how to get involved.

*If you wish to speak with someone directly about making your gift, please call (574) 239-8344.



 

#MYHCC ONLINE

Ascend: The Campaign for Holy Cross College

Ascend Campaign for Holy Cross

What a difference 50 years can make!

Holy Cross College was founded in 1966 as a junior college, it has evolved into something much more: a dynamic and growing four-year college, known for excellence in the liberal arts, an emphasis on diversity and affordability, and a rich Catholic intellectual and spiritual tradition that is open to all.

Today, Holy Cross offers the sort of intimacy and personalized attention only possible at a small college while providing opportunities for learning and socialization more characteristic of a major university. The spirit of collaboration that has arisen between Holy Cross College, the University of Notre Dame, and Saint Mary’s College has opened up a growing array of academic and research ventures that complement Holy Cross’s efforts to expand its academic offerings.

Each year, we are enrolling a larger number of students, all of whom are receiving excellent preparation to succeed in our global society. In 2005, our first 13 baccalaureate students graduated. Less than a decade later, in 2014, Holy Cross College awarded nearly 100 B.A. degrees. All of this is to say that Holy Cross is enjoying its lively ascent as one of the best small colleges in the Midwest. As we celebrate in gratitude the blessings of our first 50 years, we are actively looking ahead to the promise of the next 50.


Our Vision


Ascend Goal: $10 million (52.2% raised)

Our vision is for the college to be recognized as a vibrant, four-year liberal arts college, with a distinctive Catholic character, a warm and welcoming residential campus, and a commitment to diversity and affordability. Ascend: The Campaign for Holy Cross College is the foundation upon which we are building this vision. A $10-million fundraising venture—the most ambitious in our history—Ascend will generate the resources necessary to continue our upward trajectory.

Specifically, contributions to the Ascend Campaign will:

  • Foster the growing residential character of the College that is so central to the student experience;
  • Reconfigure the physical campus to better support our mission to educate students in mind, body, and spirit;
  • Deepen our pool of scholarship funds to ensure that Holy Cross is increasingly affordable to deserving students; and
  • Fortify our financial infrastructure with a more robust annual fund.

From our humble roots grow our aspirations for Holy Cross College, and it is the loyalty of our alumni, parents, and friends through the Ascend Campaign that will nourish these efforts. Together, we are fueling the college’s ascent—and ensuring that Holy Cross is better able than ever before to foster in our students “the competence to see and the courage to act.”

mind body spirit

Residence Life


Campaign Focus: Transforming the Residence Life Experience

Goal: $3 million (30% raised)
“In this new residence hall, we are creating space for what is perhaps the most powerful and lasting aspect of the Holy Cross experience: community.”
~ Br. John Paige, C.S.C., Ph.D., President

Our students are the heart and soul of Holy Cross College, and our first priority is to build a greater sense of community on a safe campus where students can work, play, study, and find the faith that inspires them. Over 70% of Holy Cross’s 540 traditional undergraduate students now live on campus, and the demand for housing is growing every year. Residential life, particularly during those crucial first two years, plays an integral role in a student’s personal and academic maturation. As we work to increase enrollment, we remain committed to the intentional building of community and the continued enhancement of student-life experiences, which occupies an increasingly important part of our educational mission.

sail with the saints north hall inside sga men

In the fall of 2015, we moved forward to meet the growing demand for on-campus housing by opening North Hall. This new 17,600-sq.-ft. women’s residence provides much-needed space for our students to live, study, socialize, and feel at home. The hall offers two floors of pod-style housing for a community of 72 residents. Each pod has its own community room, and on-site laundry. The hall also features a study room and sacred space for residents. A co-ed main lounge and café, complete with a fireplace and windows overlooking the woods and St. Joseph River, provides the entire campus with a gathering point.

North Hall outside

Several alumni, parents, and friends of Holy Cross have generously stepped forward to support many of the interior naming opportunities. Through the Ascend Campaign, we now seek a lead gift from a benefactor whose name will forever grace the façade of the new hall—and whose support will be vital to achieving our vision for the future of Holy Cross College.
residential naming opportunities

Improve Campus


Campaign Focus: Creating a More Welcoming Campus

Goal: $4 million (75% raised)
“The ‘Holy Cross experience’ is something we think about every day. We want our students to feel that Holy Cross is a second home.”
~ Dr. Kelly Jordan, Vice President of Student Affairs/Dean of Students

As enrollment has grown, so too has our need to expand the physical campus with facilities that can support and enrich the academic experience, including residential and athletic buildings. For better or worse, our growth over the years has been largely organic, occurring as needed and without a long-term strategy for campus development. The unintentional result was a campus operating on leased property and a parking lot occupying prime real estate in the middle of campus. All of that is changing with Ascend.

Many of the best institutions of higher education—including our neighbors and collaborators, Notre Dame and Saint Mary’s—have at their physical center a large and inviting green space where students and faculty can meet and mingle, work and play. Such spaces serve as the literal and figurative heart of a college campus. As we became more intentional about our plans for growth, our vision for our future required a re-imagining of the layout of the Holy Cross College campus. Perhaps most prominently, in 2015, the college added the beautiful and spacious O’Connor Commons, a three-acre green space around which all of our academic, residential, and athletic facilities are now situated.

o'connor commons sunrise

With lead gifts from three donors secured for campus improvements, our attention is now turned to securing the additional funding necessary to name the remaining projects. Additional naming opportunities already completed through the use of borrowed funds include constructing an entrance road and parking lot east of the Pfeil Center and creating an access road on the west side of campus.
campus naming opportunities

Scholarship Support


Campaign Focus: Creating Immediate Scholarship Support and Adding to the Endowment

Goal: $1.5 million (10% raised)
“The cost of tuition should never stand between a deserving young person and a bright future. Nor should our desire to do what is right for today’s students come at the expense of future generations.”
~ Dr. Justin Watson, Vice President for Academic Affairs

Thanks to prudent fiscal management and an institutional commitment to affordability, Holy Cross College enjoys one of the lowest tuition rates among four-year private colleges in the United States—approximately $6,000 less per year than the national average. In the landscape of higher education, Holy Cross College is a terrific value.

giving priorities

Still, too many of our students and families struggle to afford tuition. The need for scholarships is great. Thirty-three percent of Holy Cross students are the first in their families to attend college. More than 90 percent of all Holy Cross students receive institutional scholarships and tuition grants, 75 percent of which are need-based. Despite these awards, many students leave Holy Cross with substantial loan debt. The Class of 2014 graduated with over $29,000 in educational debt per student. For first-generation college students especially, this level of debt can be daunting.

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We believe that finances should not be an obstacle to higher education. That is why we have launched the Residence Hall Scholarship Initiative through the Ascend Campaign. This unique giving opportunity permits donors to immediately impact students today and in the future, while also being recognized in a very unique and permanent way in one of our campus residence halls on campus. And beginning in 2017, gifts of endowment to Holy Cross College will be managed through the Notre Dame Endowment, a rare opportunity that will permit the college to reap the benefits of one of the best-performing, highest-rated university endowments in the country.
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Annual Fund


Campaign Focus: Support the Annual Fund

Goal: $1.5 million (59.6% raised)
“Expanding our academic curriculum and growing the campus—while remaining affordable to a diverse population of students—is a constant balancing act. The support of our annual donors makes this work possible.”
~ Mr. Michael Brach, Vice President for Advancement

While we are committed to furthering our steady ascent as one of the best small colleges in the Midwest, we recognize that such aspirations come with significant financial costs. Our goals for the future of Holy Cross College thus exist in tandem with a continued emphasis on fiscal prudence and responsibility.

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One of the most responsible things we can do as an institution of higher learning is to grow our annual giving program, particularly The Brother John Driscoll Society. Named for the college’s first president, the Driscoll Society honors those Holy Cross alumni, parents, and friends whose generosity significantly helps to advance our mission. The unrestricted nature of these gifts provides college leaders with the flexibility and resources to respond to our most critical needs. Driscoll Society members provide crucial support for a host of funding priorities, including expanded academic programming, critical support to scholarships, and an outstanding residential life experience.

O'Connor Commons

The Driscoll Society welcomes members making a minimum annual gift of $1,000, with various programs of recognition and stewardship available for benefactors based on their giving levels. A special giving level for young alumni—$100 for each year after commencement up to $1,000—encourages our newest graduates to lend their support to those students following in their footsteps.

The Ascend campaign’s emphasis on growing Driscoll Society membership will provide the college with added layers of financial stability and security as we write the next chapter in the Holy Cross story.
campus naming opportunities

And Beyond



This conceptual plan shows how Holy Cross College might grow over the next 15 years (click for larger image). In these next years, we want to grow our campus to 800 students. We want to graduate 250 undergraduates each year. And we want to be one of US News and World Report’s top colleges in the Midwest. In order to achieve this lofty vision of growth and expansion, we will need to continue to add new academic and athletic programs and space, expand our endowment and scholarship opportunities, and transform the student life experience. The Ascend Campaign is a first step, but with your help and support, it will be just the beginning.

Conceptual Master Plan


Memorial and Tribute Giving

Holy Cross College holds many special memories for its alumni and friends. A memorial gift is a meaningful way to celebrate the life of a deceased classmate, loved one, or friend right here on our campus. If you would like to recognize a memorable occasion, such as a graduation, marriage, anniversary, or honor a teacher, alumnus, or friend, making a tribute gift is a special way to acknowledge the important people and events in your life. To make a gift, please visit our memorial giving page or contact Betsy Fulnecky, Director of Annual Giving and Stewardship, (574) 239-8404 or efulnecky@hcc-nd.edu.

Memorial Bench
Minimum Donation: $2,500

Benches are built to provide perpetual tributes for members of the Holy Cross family. Site and plaque wording are determined by the donor, family, and the college.

Memorial Tree
Minimum Donation: $1,000

A dedicated tree serves as a living memorial for members of the Holy Cross family. Site, species, and tag inscription are determined by the donor, the family, and the college.

Driscoll Auditorium Seat
Minimum Donation: $500

A unique gift for a patron of the arts, each dedicated seat features an engraved plate.

McKenna Library Acquisition
Minimum Donation: $250

Holy Cross College will dedicate a book by installing a bookplate recognizing an honoree. You may designate the specific subject area of your book.

If you are interested in endowing a chair of an academic department, an athletic coaching position, a professorship, or student scholarships, please contact the Office of Advancement at (574) 239-8368 or development@hcc-nd.edu.

Endowed Scholarship
Minimum Donation: $50,000

An endowed scholarship fund can be named to honor a loved one, recognize a favorite professor or in the donor’s own name. A gift of $50,000 or more is required to establish an endowed fund that will support your scholarship in perpetuity. The gift can be paid immediately through an outright gift of cash or stock or through a pledge over a period of up to five years.  For information, please visit www.hcc-nd.edu/establish-a-scholarship.

Young Alumni of the Driscoll Society

We know that our Saints of the last decade are finishing advanced degrees, launching careers, and starting families. We also know that our alumni are proud of their Holy Cross experience and are looking for ways to express their pride and gratitude. In honor of our 10 year anniversary of the College’s first B.A. commencement, the College is launching an exclusive giving society for young alumni, the Young Alumni of the Driscoll Society. Alumni who support the Annual Fund with a $100 for each year after their commencement will become a Driscoll Society member. By your 10 year reunion, you will be a full member of the Driscoll Society with your first gift of $1,000 to the Annual Fund.

Graduated Levels

$900 Class of 2008 (monthly donation of $75)

$800 Class of 2009 (monthly donation of $66.67)

$700 Class of 2010 (monthly donation of $58.33)

$600 Class of 2011 (monthly donation of $50)

$500 Class of 2012 (monthly donation of $41.67)

$400 Class of 2013 (monthly donation of $33.33)

$300 Class of 2014 (monthly donation of $25)

$200 Class of 2015 (monthly donation of $16.67)

$100 Class of 2016 (monthly donation of $8.33)

Brother John Driscoll Society Levels

  • A Notre Dame football parking pass for our campus
  • Special communications from the college
  • Recognition in the annual report
  • Invitations to our Welcome Home Picnic and donor appreciation events
  • “State of the College” update from the President

Holy Cross College Information

Holy Cross College is a Catholic, residential, coed, four-year institution of higher learning, offering an applied liberal arts curriculum. It was founded in 1966 and continues to be conducted by the Brothers of Holy Cross a society of lay religious men within the Congregation of Holy Cross (CSC) who take vows of poverty, celibacy and obedience as a way to more creatively and intimately serve the mission of our Savior Jesus Christ, His Body – the Church, and the needs of the world. Brothers of Holy Cross serve through ministries which educate and sensitize persons to the need of the world for justice and peace.

Leadership Giving

Donate to Holy Cross College

Donors who give at a leadership level understand that their contributions directly affect the students, faculty and programs at Holy Cross. These generous gifts have the power to make a significant difference in a student’s future. Leadership gifts may be designated for specific purposes or made to the Annual Fund, which provides support to areas of greatest need within the College. When you give on an annual basis you enable Holy Cross to plan for the future with assurance.

Unrestricted Leadership Giving

  1. Driscoll Society members’ unrestricted gifts provide foundational support making a Holy Cross experience possible for our students. Those who give to the Brother John Driscoll Society make a lasting impact on the College.
  2. Young Alumni of the Driscoll Society is an exclusive giving society for young alumni who are looking for ways to express their pride and gratitude for their Holy Cross experience.
  3. Business Partners in Success members allow their business to expose Holy Cross students to the Michiana business community while assisting in making a Holy Cross education more affordable for our students.
  4. Student Philanthropy Council is a student group committed to showing pride and loyalty in our school and its traditions by sponsoring campus events to educate the student body about the importance of philanthropy.

Restricted Leadership Giving

  1. Scholarships play an essential role in attracting and retaining the best qualified and most deserving students.
  2. Planned Giving: when you plan a gift as part of your overall estate and financial plans, you will help us expand the boundaries of knowledge and insight through teaching, artistic expression, and other forms of scholarship.

Contact

Office of Advancement

Michael C. Brach
Vice President for Advancement

Michael Brach
Email: mbrach@hcc-nd.edu
Phone: (574) 239-8368

Betsy Fulnecky
Director of Annual Giving and Stewardship

Betsy Fulnecky
Email: efulnecky@hcc-nd.edu
Phone: (574) 239-8404

JudeAnne Wilson Hastings
Director of Alumni and Parent Programs

JudeAnne 2

Email: jhastings@hcc-nd.edu
Phone: (574) 239-8372

Kristina Barroso Burrell
Campus and External Communications Coordinator

Kristina Barroso Burrell

Email: kbarrosoburrell@hcc-nd.edu
Phone: (574) 239-8356

Andrew Helms
Advancement Services and Prospect Researcher

Andrew Helms
Email: ahelms@hcc-nd.edu
Phone: (574) 239-8344

Gifts of Stock Transaction

Donating stocks, bonds, or mutual funds is quick and simple and may provide significant tax advantages. According to IRS regulations, the date of your gift corresponds to the date it arrives in our broker’s possession (for transfers from brokerage account to brokerage account).

Holy Cross College works with Lake City Bank to accept and process securities on its behalf. Please download the stock transfer form from Lake City’s Wealth Advisory Group and share it with your broker to complete and return to Donna Miller at Lake City as directed. If you have any questions, please contact:

Michael Brach
Vice President for Advancement
574-239-8368
mbrach@hcc-nd.edu

For other ways and means of having an impact on Holy Cross College, please visit:
Ways to Give
How to Give

Planned Giving

planned givingThere are many different ways to leave a legacy at Holy Cross College, but when you plan a gift as part of your overall estate and financial plans, you will help us expand the boundaries of knowledge and insight through teaching, artistic expression, and other forms of scholarship. With your gift, you could also receive substantial tax and financial benefits.

Please explore ways you can make a planned gift in support of Holy Cross College below, or contact
Michael Brach
Vice President for Advancement
mbrach@hcc-nd.edu
(574) 239-8368

Ways to Make a Planned Gift


Gifts that Cost Nothing Now


Gift through a Will or Bequest
When you remember Holy Cross in your will, you will continue supporting our mission long after you’re gone. Donors pay a profound complement to the Holy Cross College by naming us to receive a gift through their wills. The advantage of a gift in a will is that it costs nothing now and it can be changed at any time. It is a simple process but it does require the assistance of an attorney. Please see the sample wording below, which may be helpful.

Sample Wording: I give to the Holy Cross College (the sum of $_______) (____percent of my estate) for the benefit of the College. This gift shall be handled according to instructions that may be on record with Holy Cross College. If there are no instructions on file, then the gift shall be used for (the greatest need) or __________________________________.

Existing Paid-Up Life Insurance Policies
It is possible to make a gift of an existing paid-up policy by transferring the ownership Holy Cross College.

Employer-Provided or Board-Sponsored Life Insurance
Some donors have chosen to name Holy Cross College as the beneficiary of life insurance policies that have been provided by their employers or as a benefit for service on a board.

Other Life Insurance Policies
Donors may give new or existing policies to Holy Cross College. Holy Cross typically becomes the owner and beneficiary of the policies. If Holy Cross is the owner of the policy, the donor may make tax gifts to the college for the purpose of paying the premiums.

Gifts that Pay Income


Charitable Gift Annuities
Make a donation and, in turn, receive a fixed annuity payment each year for life. The gift property may be cash or stock. The payout rates are determined by the age(s) of the donor and if applicable, the donor’s spouse.

Charitable Remainder Trusts
You or other named individuals can receive income each year for life or a period not exceeding 20 years from assets you give to the trust you create. Payments can be either variable or a fixed amount. After the life of the named individuals or the set period of years, the balance in the trust goes to the charities of your choice.

Gifts that Protect or Preserve Assets


Give Your Home, But Live There for Life
Your home can become a valued gift to us, even while you are still living in it and even if you want your spouse or another person to live there for life. The donor receives an immediate income tax deduction but may continue to occupy and maintain the house.

Charitable Lead Trusts
You can provide an inheritance to loved ones and make a significant charitable gift through a charitable lead trust. The donor would make a gift into a trust. The income payments are made to an organization, such as Holy Cross College, for a certain designated period of time. At the end of the chosen period, the trust principal passes to either 1) the donor, or 2) to certain other designated individuals, usually family.


Knowledgeable legal counsel is critical in establishing any planned gift. If you do choose to support the college through one of the following options, please contact us to let us know you have done so. We want to recognize you as a member of our planned gift society and make sure that we honor your gift intention when we receive your gift.

Establish a Scholarship

There are many ways to establish a scholarship at Holy Cross College. It can be a gift that creates an immediate impact for students now, as well as students in the future. Holy Cross College will work with each individual donor to create a detailed plan for giving to the college.

If you would like more information on establishing or contributing to a scholarship, please contact:
Michael Brach
Vice President for Advancement
mbrach@hcc-nd.edu
(574) 239-8368

quad party north hall


Residence Hall Scholarship Initiative


As part of the Ascend Campaign, Holy Cross is offering a special endowed scholarship opportunity. With a commitment of $50,000 or more, to be paid over a period of five years, a benefactor may create and name an endowed and an expendable scholarship that begins supporting students immediately, and will continue supporting students for years to come.

A $50,000 commitment, $10,000 per year for 5 years, will be distributed as follows:

  • Half of the commitment, $5,000 per year, will provide a $5,000 annual scholarship for each of the next five years.
  • The other half of the commitment, $5,000 per year, will be deposited in an endowed fund. When the fund reaches $25,000, it will generate an annual scholarship in perpetuity, starting in the sixth year.
    • Endowments may be designated for any one of three financial aid priorities: General Need, Merit Academic Achievement, or Athletics (for a specific varsity sport or more broadly).

Benefactors will be recognized with membership in the The Brother John Driscoll Society, the college’s annual giving organization, at the Scholars level, and a personalized plaque honoring the Residence Hall Scholarship Initiative donor will be displayed outside a student room in North Hall.

For more information, please read our Residence Hall Scholarship Initiative brochure.

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Establishing an Endowed Scholarship


support hc scholarships matriculationEstablishing a new scholarship at Holy Cross is an excellent way to memorialize a loved one or honor them for their accomplishments. Scholarship endowments can be developed by an agreement between the donor and the college that will state whether or not the funds are to be restricted to a specific type of student or unrestricted and can be used to support any student in need. Endowments can be named to honor a loved one, recognize a favorite professor or be created in the donor’s own name.

A minimum gift of $50,000 is required to establish an endowed fund that will support your scholarship in perpetuity. However, scholarships are activated when the balance of the fund reaches $25,000.

There are several ways an endowment can be established:

  • Immediately through an outright gift of cash or stock
  • Through a pledge over a period of up to five years
  • Through deferred or planned gifts. These gifts can be used to establish an endowment in the future when the total sum of a gift is received. Normally these gifts are given as life insurance, retirement assets, bequests, or income producing gifts.


Frequently Asked Questions


What is the minimum amount required to establish an endowed scholarship?

A partial scholarship endowment can be established with a minimum gift of $50,000 which can be paid over multiple years. The scholarship cannot be awarded until the fund reaches a market value of $25,000.

How much is required to establish an endowed full-tuition scholarship?

A full tuition scholarship requires a $1,500,000 gift, which can be made over a period of years. The scholarship cannot be awarded until the fund reaches a market value of $1,500,000.

I don't have enough to set up an endowed scholarship. What other options do I have?

If you are unable to establish a scholarship but would still like to give, you have several options:

  1. Establish a named expendable scholarship.
  2. Select one of our many existing scholarships.
  3. Give to the Annual Fund which supports scholarships for students in academic good standing but have unmet financial needs.

May I set the preferences for the kind of student who will receive my scholarship?

Yes, however all preferences and scholarship agreements must first be approved by the college. Typical preferences include characteristics such as major program of study, minimum GPA and the financial need of the recipient.

May I set up a scholarship in my name or to honor someone else?

Yes, many scholarships honor or memorialize individuals.

Will I be informed about the student who receives my scholarship?

Yes. Each year endowed scholarship donors are mailed reports on the market value of their fund as well as on the recipient of their scholarship. Whenever possible, we try to arrange for opportunities for scholarship recipients to meet their donors.