Capital and Endowment Giving
The Value of Capital Giving
Anyone who has set foot on the campus of Springfield College in the last decade knows firsthand the transformation that has taken place here under the leadership of President Richard B. Flynn.
Our new facilities provide our students with the state-of-the-art physical spaces necessary to practice their disciplines and to excel in their programs. Our new facilities and programming have tremendously enhanced the quality of life on campus, making Springfield College the school of choice for high school students who are interested in our major areas of study.
The Value of Endowment Giving
Gifts to endowment are an investment in the long-term financial health of the institution, unlike gifts to our Annual Fund, which provide critical dollars for Springfield College and are spent in the year in which they are received. Income (annual earnings) from each of the College’s endowed funds is used in perpetuity to fund the Springfield College program. The principal is invested for long-term growth to serve present and future generations of students.
Whether donors opt to create a scholarship, support a specific area of the College, or leave their fund unrestricted, all endowment funds at Springfield College help to fulfill its mission. Regardless of the designation of an endowment, one thing remains true for all donors: as long as their endowed fund exists at Springfield College, their legacy of philanthropy lives on, and the College’s financial security is enhanced.
How to Give
Outright gifts of cash or stock can establish an endowed fund or support a new or existing facility. Pledges to complete funding are typically made in five years or less.If an endowed fund will be established through a multi-year commitment, the terms of the pledge, including the timing of pledge payments and a confirmation of gift designation must be outlined in a Gift Agreement. Planned gifts may also fund a naming opportunity, through a variety of vehicles. A minimum of $25,000 is required to establish a new endowed fund at Springfield College.
Stewardship of Endowed Funds
Stewardship of endowment gifts is important to Springfield College. The College actively manages its endowed funds to ensure that donor restrictions are met and that the assets of these funds grow. Donors and their designated stewardship contacts receive annual updates on their fund, including information on the appreciation of the fund and illustrations of how income from the fund was spent in the fiscal year.
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Contact the Office of DevelopmentCall the Office of Development at 800.622.6072. |
