Creating an Endowment

Change, and all positive words associated with it – enhancements, transformation, growth – is the heart and soul of why endowments are important to Thomas Edison State College.

Endowed funds are different from other funds in that the total amount of the gift is invested. Each year, only a portion of the income is spent while the remainder adds to principal growth. In this respect an endowment is a perpetual gift.

Purpose: Endowments may exist to support any aspect of university operations, but they are most often created to fund scholarships, meet the priority needs of an academic department, or provide enriched learning opportunities for students.

Required size of gift: Although a minimum of $10,000 is required to establish an endowed fund, larger endowments are encouraged to provide as much assistance as possible to students.

Additional gifts: Additional gifts may be added by you and others at any time to increase the endowment principal, and thereby increase the support for deserving students or other campus initiatives you have identified.

If you are interested in creating an endowed fund, you may contact Misty Isak, Director of Development at misak@tesc.edu or (609) 984-1588.