Giving Opportunities
Endowing A Fund At Clover Park Technical College Foundation
Endownment are truly gifts that keep on giving. An endowed fund can be established to support scholarships, program of study, faculty development, or general campus support. The principal of the endowment is invested to provide annual support for the desired project, and to build the principal value so the distribution stays constant in buying power over time. A minimum contribution of $10,000 is required to establish a named endowed account. Additional gifts can be made at any time to build the fund. There are no fees, charges or overhead charged to any endowment. One hundred percent of the gift and the income derived go to the charitable purpose of the fund.
Endowed funds are managed separately in a balanced portfolio stressing growth. Each year, 5% of the principal value is made available for use. Additional income and appreciation above this amount is added to principal to fuel growth of the account. Investment returns, portfolio makeup and payout policies are closely monitored by the Finance Committee of Clover Park Technical College Foundation's Board of Directors. Performance is evaluated against benchmarks they select. Over the past three years, performance has equaled or exceeded established performance benchmarks.
For More Information
For more information about the many ways to give, please contact Amy Goings at (253)589-5782, or amy.goings@cptc.edu.