What is the minimum gift needed to establish an endowed fund? What are the specific areas of need for endowments?
Your endowed scholarship gifts are invested by Concordia and the spendable investment income is awarded to a selected student. The principal remains intact, providing ongoing scholarship funds. To establish an endowed scholarship, a minimum of $30,000 is required. You may choose to fund the entire endowment at once or make payments over a period of three to five years. We’ll work with you to create an agreement defining the terms of the scholarship.