Giving In Perpetuity: The Endowed Gift
Endowment funds plan for the long-term future of Kenyon College through scholarships, faculty funding, and programmatic support.
What is an endowed gift?
An endowed gift is one that is held in perpetuity. The gift is invested, with a portion of its annual investment return used for purposes specified by the donor. To protect against the erosive effects of inflation, the remaining investment return is added to the principal. Therefore, a donor who gives an endowed gift can be confident it will grow and continue to support Kenyon in the years to come.
The cherry on top is that a gift sustaining Kenyon's priorities through endowment supports the College's future, ensuring that today's dollars are always in place for tomorrow's students. It also has immediate impact. When donors endow existing programs funded through Kenyon's operating budget, those operating dollars are freed to support academic programs and other needs. Imagine the power of a gift that gives twice!
What types of assets are used to fund an endowed gift?
Gifts of cash and appreciated securities are assets commonly used to establish an endowed fund.
ENDOWMENT SUPPORT LEVELS
| FUND PURPOSE | MINIMUM |
| Scholarship Fund |
$ 50,000 |
|
Full Scholarship Fund |
1,000,000 |
| Individual Language Fund |
500,000 |
| Language Instruction Fund |
3,000,000 |
| Faculty Venture Fund |
50,000 |
| Student Research Fund |
1,000,000 |
| Endowed Professorship |
2,000,000 |
| Kenyon Review Editorship |
2,000,000 |
Subject to availibility
What is required to establish and name an endowed fund?
An endowed scholarship fund, for example, requires:
- A minimum commitment of $50,000.
- Scholarship criteria may not contain preferences that are discriminatory.
All endowed gifts, including scholarship funds, may be named. Donors may have their names-or the name of a loved one or other honoree-linked to their fund.
How can endowed scholarships be designated?
- Need-based scholarships
- Merit scholarships
- Scholarships for students with particular academic interests
Once established, can I continue to give to my fund?
Yes. Contributions designated to a specific endowed fund may be made in the following ways:
- Annual gifts of cash and appreciated securities
- Bequests through will or trust
- Remainder interests from life income plans, such as charitable remainder trusts and charitable gift annuities
- Proceeds from retirement plan assets and life insurance policies
I'm under 50-is it ever too early to establish an endowed fund?
Not at all. Why not start to build your Kenyon legacy today? Kenyon is reaching out to a new generation of leaders through a new initiative-Fifty under Fifty. Its aim is to gather a group of fifty alumni who have not yet turned fifty years old and who wish to have a major impact on the College through gifts of at least $50,000, payable over a five-year period. Establishing an endowed fund is the perfect way to emerge as one of the fifty new Kenyon Leaders.
I'd like to make an endowed gift, but prefer not to name a fund. Are there existing endowed funds that accept additional gifts?
Yes. Many of the existing endowed funds at Kenyon College allow for additional contributions.
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(Some) EXISTING ENDOWED FUNDS Robert Abbajay Scholarship Fund Established in his memory in 1985 by Beta Theta Pi, friends, and relatives to provide an annual scholarship to a sophomore or junior who has contributed leadership and service to his or her fraternal organization and the community at large. Recipient must have maintained a 3.0 or higher GPA. Charles T. Bumer Scholarship Fund Established in 2002 by the members of the 63rd Army Air Force Detachment in honor of one of their most influential and remembered professors of mathematics to support students majoring in mathematics who have financial need. Thomas J. Edwards Scholarship Fund Established to honor Dean Edwards' service as assistant athletic director and swimming coach from 1954 to 1964 and as dean of students from 1957 to 1990. Awarded to students in financial need who exemplify the personal, social, athletic, and academic strengths Dean Edwards fostered during his thirty-six years of service to the College. William E. McCulloh Scholarship Fund Established for longtime classics professor by his friends and former students in honor of his retirement. The income supports deserving students, with a preference given to students in the Department of Classics. Denham Sutcliffe Memorial Fund Fund income is awarded as a scholarship in memory of a dedicated and brilliant member of the Department of English. Class of 1952 Memorial Scholarship Fund Established in 2002 to honor the memory of classmates and friends who lost their lives in the 1949 Old Kenyon Fire. Other Class Scholarship Funds 1921, 1923, 1925, 1926, 1930, 1940, 1941, 1946, 1973 |
Interested in learning more about endowed gift options?
Contact Kyle W. Henderson, director of development and planned giving at Kenyon College, who is available to assist you with any gift planning needs
Phone:(740) 427-5729 OR (800)KENYON-C(536-9662)
Email: hendersonk@kenyon.edu