|
|
|
|
Building A Legacy Through NIACC Endowments
Eternal Support for College and Students An Investment for Future Generations An endowment is an eternal fund that provides annual income for current needs. Your original gift is invested to maximize total return––interest plus market value. To help facilitate this goal, the Foundation Board has adopted an annual spending policy for endowed funds that is limited to five percent of the market value of the endowment averaged over the preceding three years. Earnings are reinvested to protect the original investment (gift) against inflation. Countless charitable endowments arose during the 18th and 19th Centuries in England and eventually private universities in the United States started developing endowments. The latest endowment report shows over 25 universities/colleges have endowments over $1 billion. Grinnell College (in Grinnell, Iowa) joined this exclusive group in 1998. NIACC’s first endowment fund was started in the 1970s. Over the years, our endowments have grown to more than 60 funds. Most were created to provide scholarship support. Our funds range from $5,000 to over $500,000. NIACC’s endowment funds total approximately $3,900,000 which is low when compared to other community colleges. The top 20 community college endowments show a range from $7,800,000 to $134,000,000. |
|
|||||||||||||
|
• Help ensure educational opportunities for future generations • Help NIACC turn what “might have been” into “what is” • Create future financial stability for NIACC • Allow donors to touch people’s lives forever through an everlasting legacy • Allow donors to direct their resources to specific areas of interest • Offer donors potential income tax savings, capital gains tax savings, and reduced estate taxes NIACC uses endowment funds in two, basic ways. Unrestricted funds provide annual support that NIACC can use for timely opportunities, innovative ideas, or areas of greatest need. Restricted funds are allocated for a specific project depending upon your interests. NIACC offers many endowment opportunities: Unrestricted Endowment Fund: Endow and Name a Scholarship: Endow and Name a Program: Endow and Name a Division: Endowed Faculty Development Fund: Endowed Faculty Position: Endowed Library Fund: Endowed Innovation Fund: An endowment donor is a special kind of benefactor––one whose commitment is deep and whose vision is unusually long term; an individual with an understanding and appreciation of NIACC’s purpose and importance. There are many ways to make a gift that will be within your means. You can even pledge to start a future endowment by making regular contributions over a five-year period until you reach the minimum requirement of $10,000. The majority of significant endowments are created with appreciated assets, not annual income. The Foundation has an information brochure (Ways To Give) that briefly reviews the many ways you can make a gift:
It depends on your personal circumstances. We recommend you visit with a NIACC Foundation staff member or Board member to discuss the College’s areas of greatest need and learn more about your giving options. Then, you will want to consult with your financial and legal advisors before entering into any gift commitment. The Foundation has used the Common Fund to manage our investments since 1985. The Common Fund specializes in managing investments for higher education institutions and currently manages in excess of $19 billion for 1,350 member colleges. The NIACC Foundation Board has established an investment committee to oversee investment strategies and make recommendations to the Foundation Board. Our investment goals are to preserve the initial gift, maximize the annual return, and reinvest in the fund balance to keep pace with inflation. Endowments are usually named after a donor, after a family business, in memory of a loved one, or to honor someone. Typically when an endowment is created the following recognitions are provided:
Return to Giving Opportunities
|
||||||||||||||
|
NIACC Foundation |
||||||||||||||
