Give a Gift That Keeps on Giving
By establishing an endowment fund at Concordia University, you create an everlasting gift and provide stable, dependable funding for student scholarships, faculty research opportunities, and other ongoing university programs. Endowment funds allow us to plan for the future with confidence. Now, in our second century of providing a rigorous and service-based Lutheran education, we look forward to helping students and the community for the next 100 years and beyond, as we continue to prepare leaders for the transformation of society.
What is an Endowment, Exactly?
An endowment is a permanent fund that uses its earnings to advance the mission of the organization for which it was established. Endowments are most commonly established by tax-exempt organizations. The principal amount of the endowment fund stays intact, while all or a portion of the earnings are used each year – used to fund projects or programs designated by the fund. A percentage of the earnings are generally left in the fund in order to increase the principal. As the principal increases, the earnings available for use each year increases.
Interested in setting up an endowment fund? Please contact the Concordia University Foundation at 503-280-8505 or send us an email.