An endowment is an investment in the future of MCG. Endowed funds are created with two purposes in mind: to provide regenerative spendable income supporting the purposes specified by the donor and to competitively invest the original gift in the foundation’s endowment pool. This enables the principal to grow, offsetting inflation and protecting the amount of the annual distribution.
Consider this: A $50,000 endowment gift given in 1954 would currently be valued at $141,591 and throughout its history would have generated $235,000 in support to MCG.
How Do I Create an Endowment?
Endowments may be established though outright gifts, such as cash or stock. They may also be established through multi-year pledges (maximum of five years), or through wills and other planned gifts. However, before establishing a new endowment, please review our current fund list. A fund that fits your needs may already be available.
|Endowment Type||Minimum Funding||Initial Gift||Annual Distribution|
|University Distinguished Chair||$2,000,000||$400,000||$70,000|