Endowment Gifts
Help Hood Secure a Bright FUTURE
Your gift to Hood's endowment helps the College ensure Hood's academic and financial strength forever. Endowment gifts can help
the College in virtually every aspect of its mission.
What Endowment Really Is
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Hood's endowment is its financial foundation, its security.
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Endowment is an institution's invested capital that generates funds to be
used, in perpetuity, to support the institution.
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Margaret Scholl Hood's gift of $40,000 helped to form Hood College's initial
endowment. A portion of those funds continue to support the College today.
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Over the years, thousands of donors have added to the original endowment
to provide permanent support for faculty, scholarships, academic programs,
the library and sports teams, to name just a few.
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Most of Hood's endowment funds are invested in a balanced blend of high-quality,
readily marketable stocks, bonds and other assets.
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Each year Hood College spends part of the endowment earnings on current
operations and on the purposes designated by donors. The amount to be spent,
called the payout rate, is set by the Board of Trustees to secure maximum
purchasing power of the endowment.
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Hood College avoids dipping into the principal of the endowment unless required
to meet critical needs of the College that cannot be funded from current operations.
What Endowment Does
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Hood's main sources of income are tuition, federal and state support, gifts
and endowment.
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Unrestricted endowment earnings support the general operating budget. Other
endowment funds support scholarships, book funds, professorships or programs,
as specified by the donors.
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Today's students benefit from the endowment gifts of previous generations.
Tomorrow's Hood is being created by today's endowment gifts.
Minimum Endowment Gift Levels
The table below lists minimum gift
levels, set by the Hood College Board of Trustees, that will provide enough earnings each year to fund the areas listed.
Hood's development professionals will work with you to understand your desires
and discuss funding options, which may include multi-year pledges and deferred
gifts. To make or discuss an endowment gift or for other information, call the
Office of Institutional Advancement at (301) 696-3700.
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General Scholarship Endowment (to provide support for students)
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$25,000
|
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Named Prize (awarded to an outstanding student or faculty member)
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$25,000
|
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Endowed Book Fund (supports purchases of books or periodicals)
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$25,000
|
|
Faculty Development Fund (supports travel, research and education costs for a specific
department or for the faculty in general)
|
$50,000
|
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*Presidential Leadership Scholarship (provides scholarship support to students
based on academic ability, merit and leadership qualities)
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$50,000
|
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Named Lectureship or Fellowship (provides partial support
for a junior or part-time faculty member or for a visiting artist
or scholar)
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$250,000
|
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Endowed Faculty Chair (supports the salary and fringe benefits of a senior member
of the Hood College faculty) | $1,500,000
|
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*Your gift to the Presidential Leadership Scholarship
Program helps Hood provide scholarships to deserving Community
College students who transfer to Hood—an important part of Hood's
student base. Many talented students start at a two-year community
college for financial or personal reasons prior to obtaining their
capstone undergraduate degree from Hood College. For further information,
please call Joy Derr at (301) 696-3703. |
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