Endowments
Endowments provide principal capital that enable the Foundation to earn interest to fund important activities that enhance the College's learning environment. Since the principal amount of an endowment is never spent, it annually provides a revenue stream that helps to ensure the future of the College to provide higher education services to our community.
The chart below provides information on how endowments really work and the options that will help you help the college:
| Endowed Scholarships |
| Category |
Book Scholarship |
Regular Scholarship |
| Minimum Gift |
3,000 |
6,000 |
| Match |
3,000 |
6,000 |
| Total Endowment |
6,000 |
12,000 |
| Annual Scholarship or Award |
300 |
600 |
| Endowed Chairs |
Caegory |
New Initiative |
Faculty |
State-of-the-art Equipment |
Exhibits |
Speakers |
Minimum Gift |
18,000 |
45,000 |
45,000 |
45,000 |
45,000 |
Match |
12,000 |
30,000 |
30,000 |
30,000 |
30,000 |
Total Endowment |
30,000 |
75,000 |
75,000 |
75,000 |
75,000 |
Annual Reward |
1,500 |
6,000 |
4,000 |
4,000 |
4,000 |
Learn more about Endowed Chairs
How you can give now? Current gifts of Cash, stock, and real estate
How you can give in the future? Wills, life insurance, charitable remainder trust, gift annuity
Planned Giving Calculator
What options do you have? For scholarships you can participate in choosing a program, geographic area, academic requirements, financial need, or you can choose to make all students eligible. For chairs you can participate by choosing one of five instructional areas
The Selection Process
90% of scholarships are selected by the College Scholarship Committee based on
agreed-upon criteria in the Donor Letter of Understanding. 10% of donors wish to participate in actual selection process.
Faculty Chairs are chosen by a Selection Committee, other chairs may be directed to an instructional area of your choice. All budgets are approved and monitored by the College and Foundation.
What recognition do you receive? You may receive a campus plaque, college catalog listing, Foundation Annual Report, and invitation to the Foundation's Annual Donor Reception.
What naming opportunities are available? Any endowment can be named for an individual, family, organization or company.
When do you receive a progress report? Scholarships semiannually; Chairs annually.
What accountability do you provide? A separate file and account is maintained for each endowment; a certified professional audit is conducted annually and an annual report is presented to both the College and Foundation Boards.
How will your gift be invested? The Foundation uses eight professional money managers each of whom is evaluated and monitored by a separate financial consultant reporting directly to board. All funds are invested according to an asset allocation plan approved by the Board.
Can I make additional gifts? Yes, you may add to any principal endowment in any amount at any time. Match funds can only be applied for whenever funds are on deposit with the Foundation.
What are my funding options? You can give one lump sum or pledge an annual amount over a period of years.
How can you begin your endowment? We will prepare, for your approval a Donor Letter of Understanding (DLU) outlining all the agreed-upon conditions for your endowment. The DLU, along with a check for either the total amount or an agreed-upon partial amount, will officially establish your endowment.
We encourage encourage you to consult with your financial advisors to assist you. We are willing to work with them or to recommend several professionals with whom you may consult with no obligation or cost for the first visit.
The CFCC Foundation, Inc. is a not-for-profit 501(C)(3) organization, and contributions to the Foundation are tax-deductible to the extent allowed by law. Gifts and contributions for many educational purposes can be doubled if you work for a matching gift company (or in some cases even if you are retired). Your gift and your matching gift would also be eligible for additional match funds. For additional information regarding deductibility and tax consequences, please contact the Foundation and your own financial advisor.
