Establish an Endowed Fund
Creating an endowment with the Grays Harbor College Foundation offers a meaningful way to make a lasting impact on students and the community. By establishing an endowment, you can ensure ongoing support for educational opportunities and vital college programs. Here’s how it works:
What is an Endowment?
An endowment is a dedicated fund where the principal donation is invested, and only the generated income is used to support specific purposes. This sustainable approach allows your gift to provide continuous support over time, making a lasting difference.
How to Create an Endowment
- Memorandum of Agreement: Our staff will work with you to establish your endowment by outlining the terms and purposes in a Memorandum of Agreement. This document ensures your intentions are honored and managed according to your wishes.
- Initial Contribution: A minimum of $25,000 is required to create an endowment. You can choose to make this contribution in a single payment or pledge the amount over a period of up to five years.
- Additional Contributions: Further donations, whether in cash, securities, or other assets, can be added to your endowment at any time, by anyone, enhancing its impact.
Investment Strategy
The principal amount of your endowment is invested in a diversified portfolio, including stocks, bonds, and real estate, aimed at generating consistent returns. This strategy ensures that the endowment grows over time, increasing its capacity to support its designated purpose.
Impact of Investment Gains
The income generated from the invested principal supports your philanthropic wishes as outlined in the Memorandum of Agreement. This approach ensures that the endowment continues to benefit the donor’s wishes, whether for students or college programs and priorities, year after year.
Sustaining Growth
By reinvesting a portion of the annual returns, the endowment grows, maintaining its ability to provide substantial support in perpetuity. This ensures that your gift continues to make a significant impact on future generations.
Create a Lasting Legacy
Establishing an endowment is more than just a donation; it’s a way to give back to your community for generations to come. It creates a legacy that carries your name, your business name, or the memory of a loved one into the future, ensuring that your commitment to education and community development is remembered and honored.
For more information on how to establish an endowment and discuss your philanthropic goals, please contact 360.538.4024 or foundation@ghc.edu.