Creating an Endowment Fund with Concordia University
Identify the purpose for the named endowment fund such as professional church work scholarships, education scholarships, library resources, etc. (Subject to approval by the Foundation Board of Directors).
Sign the Endowment Fund Agreement, prepared by the Concordia University Foundation.
A minimum initial gift of $20,000 is necessary to establish an endowment fund. The initial gift can be made at one time or over a period of three years.
You, your family, and others can make additional gifts to the endowment fund at any time.
You can make deferred gifts (i.e. bequests, charitable remainder trust, life insurance) to the endowment fund.
The gift to the endowment fund is invested by the Foundation.
The Foundation Board of Directors is responsible for the legal and administrative duties associated with managing the endowment fund.
The Foundation sends an annual statement to the donor concerning the current status of the endowment fund and will send notification of the scholarship recipients.