mount st. mary’s university’s endowment is a source of permanent funding that can be counted on every year, in good times and in bad. growing this source of funding for the mount is one of the most important things we can do for our long-term and short-term well being.
an endowment provides long-time security and annual income for us. it is like a savings account that is never spent. the principal is invested, and the income is used as part of the university's annual budget or to fund specific needs.
unrestricted gifts to the endowment are essential because the income may be used at the discretion of the university president and board of trustees to meet the university's most pressing needs. unrestricted endowment income can also ensure that we have the funds to be forward-thinking and stay at the forefront of catholic higher education. gifts of all sizes may be made to help grow the university's unrestricted endowment.
restricted gifts to the endowment allow us to address other priorities within the university. the income from these endowment gifts is used as the donor specifies. donors may choose to establish endowments to fund scholarships, lecture series, professorships, department chairs, academic awards, and more, all of which may be created in a donor's name.
establishing an endowed scholarship is an ideal way to create your legacy at the mount and ensure a quality education for generations of students to come. you may choose to customize a student award and specify a variety of criteria mutually agreed upon by you and the university, such as class year, major, academic success (high school class rank or gpa; sat scores; college gpa), financial need, geographic location or campus involvement. as our most popular type of endowment builder, this gift provides a permanent source of scholarship income for the benefit of mount students. a named scholarship endowment starts with a minimum required gift of $50,000, which may be payable over a period of up to five years. you may also choose to fund a scholarship through your estate plans. please note that awards will not be gifted to students until the $50,000 endowment is received, and are awarded after an initial investment period of one year.
|endowment gift amount||annual scholarship amount|
|$400,000||$20,000 award (half-tuition)|