What is an endowment?
An endowment is a permanent “trust” account established by a donor. A total commitment of $20,000 will create an endowed scholarship, but the account may be built up over the course of multiple years. The Foundation bears fiduciary responsibility for management of endowment funds. A formal investment policy provides for both growth and expenditures.
Scholarships and the Sinclair levy are the two most important ways that Sinclair keeps education accessible to a large number of area residents. Donors may stipulate criteria for selecting recipients with such determinants as academic excellence.
How do I fund and endowment?
Donations are accepted in the form of outright contributions, memorials or honorariums. A donor has three years to complete their commitment and activate their endowment. If the donor is unable to complete the $20,000 commitment within three years, their gift will be transferred to the Foundation fund or they may be granted an extension upon request.
How do I establish an endowment? It is easy to establish an endowed scholarship in your name, in the name of your business or in honor of someone you love. By doing so, an annual scholarship will be given in perpetuity to a student who meets the requirements of your scholarship. Representatives of the Sinclair College Foundation will work with you to execute an endowment agreement designed with or without criteria (stipulations, demographics, college or colleges attended, academic standing, academic programs, etc.). An endowment full-funded by December 31 will be awarded for the following academic year.
Yes! I wish to establish an endowment
View the List of Our Endowments →