Endowments

Mount Mary’s endowment is a permanent source of income for the college. The endowment is invested, a portion of the investment earnings are used and the rest channeled back into the fund to grow the endowment. Endowments provide funding stability for the college.

Each endowed gift can be specialized based on the donor’s wishes. Some examples are:

• It can bear the person’s names and be used each year for the “greatest need”
• It can be a named scholarship with criteria created by the donor
• It can be a gift to a certain department with a designation made by the donor, for example: annual funds for professional development, annual updates for software and hardware
• It can be directed for professorship/chair honorees

Minimum amounts required -

• Endowed Scholarship $25,000
• Professorship $500,000
• Chair $1.2 million