An endowment is 'the gift that keeps on giving,' benefiting Huron students now and generations of Huron students to come.
Put simply, an endowment is a capital fund which the donor establishes that resides in The Huron University College Foundation. Each year, a percentage of one's total fund is paid out towards the area of College life which the donor chooses to support.
For example, a Library endowment of $10,000 provides approximately $400 each year for the Library to purchase books, periodicals and electronic databases. The endowment over time increases through investment growth and any additional donations, thus providing growing support for the Library in the years ahead.
One of the most attractive features of endowments is that they can be designated to support an area of the Huron experience which has particular meaning to the donor whether in arts and social science or theology, for example:
Additional benefits to establishing an endowment:
In addition, many donors arrange for a planned gift such as a bequest in one's will which can be directed to the endowment they establish.
Endowments are increasing in popularity as a way to make possible an ongoing, very personal gift to Huron which benefits the College and its students year after year.