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Endowment opportunities
Endowed gifts are those given to the college that remain in perpetuity because only the income earned on the principal sum is used. Endowed gifts help provide for the future strength and viability of Northwestern College.
Endowed gifts may be given to establish the following:
Scholarships
The endowed scholarship program is an opportunity for you to invest in the lives of students who want to benefit from a Christ-centered higher education. For many of our students, only by receiving such a scholarship can they attend Northwestern.
Endowed scholarships can be established with outright gifts over a period of time, through an irrevocable planned gift, and/or through your will. The minimum amount to endow a scholarship is $20,000. Criteria for the scholarship can be established in consultation with college personnel.
Frequently asked questions about endowed scholarships
For more information about establishing an endowed scholarship, please contact:
Endowed chairs
Endowed chairs are designed to attract, honor and reward outstanding faculty members in their respective academic fields. The income from the principal sum will generate salary, fund research and provide for other needs of these distinguished faculty members.
Endowed chairs, like scholarships, can be established with outright gifts over a period of time, through an irrevocable planned gift, and/or through your will. The minimum amount to endow a chair is $1 million. An endowed chair must reach this minimum level and be fully invested for one year before it can be awarded. Criteria for the chair can be established in consultation with college personnel.
For more information about establishing an endowed chair, please contact:
Speaker funds
Many people provide endowments in order to host distinguished speakers in various academic and non-academic departments, as well as for spiritual formation. Donors can determine the criteria of their fund in consultation with college personnel. The minimum amount to endow a speaker fund is $50,000.
For more information about establishing a speaker fund, please contact:
Faculty development and research funds
These funds provide for the continued academic enrichment of faculty members. Income from such funds can be used for writing, independent research, research in conjunction with students, or travel related to the above. The minimum amount to endow a faculty development and research fund is $50,000.
For more information about establishing a faculty development and research fund, please contact:
Institutional loan funds
Northwestern College provides loans to students from its own institutional funds, as well as from various outside sources. There are different types of loans depending on the students’ circumstances and needs. These monies are pooled together from various sources. Since these are not named funds, there is no minimum contribution amount.
For more information about providing loan monies for students with financial need, please contact:
Plant maintenance funds
Income from this fund provides for the general upkeep and maintenance of campus buildings and grounds. Since these are not named funds, there is no minimum contribution amount.
For more information about providing gifts for campus maintenance, please contact:
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