Ensuring long-term financial stability
The endowment exists to ensure our long-term financial stability, and for this reason, building the endowment has long been one of the college's highest priorities. Endowed gifts are meant to exist in perpetuity and are invested for long-term growth with this goal in mind. The minimum funding level for an endowed scholarship or special endowment is $25,000.
Each year approximately five percent of the three-year average of the endowment's fair market value is available to support scholarships, academics, student life, mission-centric programming, faculty enrichment and endowed professorships, as per restrictions.
The college may vary its spending rate from the endowment to adjust for market conditions and to ensure the preservation of capital. Any return on the endowment exceeding the normal spending allocation is retained as part of the overall fund balance.