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The Importance of Perpetual Support

15 % - Percentage of Centenary's operational budget raised through philanthropy

140 Million - Centenary's Endowment as of June 30, 2021

 

How Giving to the Endowment Works

When you give to or establish an endowed fund, the College invests your gift as part of its overall endowment portfolio. Each year, a portion of the value of your endowed fund is paid out to support the fund's purpose (a scholarship, a professorship, etc.) Any remaining earnings are used to build the endowment's value. In this way, an endowment fund can grow and provide support for its designated purpose in perpetuity. 

 

Endowment Thresholds

A minimum gift is needed to establish endowment support for students, professors and programs. 

Support For Students

Scholarships and Grants

Named 1825 Scholars Award: Awarded annually to a superior student, requiring a minimum gift to endowment of $500,000.

Named Academic Merit Scholarship: Awarded annually to a highly qualified student based on academic merit, requiring a minimum gift to endowment of $250,000, or a minimum annual gift in the amount equivalent to half of tuition for one student.

Named Centenary Award: Awarded annually to a student based on academic credentials and co-curricular activities, requiring a minimum gift to the endowment of $100,000, or a minimum annual gift in the amount equivalent to 20% of tuition for one student.

Named performance Award: Awarded annually to a student who exhibits exceptional artistic talent in the performing arts. Requires a minimum gift to endowment of $50,000, or a minimum annual gift equivalent to 10% of tuition for one student.

Named Centenary Grant: Grant-in-aid based on need awarded administratively to students who qualify under federal guidelines, requiring a minimum gift to endowment of $25,000 or a minimum annual gift of $1,000.

Labor Omni Vincit Scholarship: These annual scholarships are established at the $15,000 level and can be named by the donor; donors making a four-year commitment ($60,000) can add preferences such as an academic interest or geographic origin of the student. Labor Omnia Vincit Scholarship donors directly support a specific student at Centenary and follow that student’s Centenary career through letters, the annual Legacy Luncheon, and other opportunities.

Scholarship Funding Policies 

Gifts to endowments of $25,000 or more may be made in the form of pledges paid over a period  of time up to five years. 

Annual Scholarship award gifts must be pledged by February 1 and paid by August 1 prior to the  academic year in which the award is made. 

Support For Faculty

Named Faculty Support Funds

Distinguished Chair: Minimum gift of $2 million to fully support a position for a faculty member who has contributed significantly to academia or a particular field of study over the course of his or her career.

Endowed Chair: Minimum gift of $1 million for partial support of a position for a faculty member who demonstrates excellent teaching and research.

Endowed Professorship: Partial support of a faculty position at a minimum gift level of $500,000.

Endowed Lectureships: Minimum gift of $100,000 to provide support for annual lectures by visiting faculty and other scholars.

Faculty and Staff Support Fund: Minimum gift of $100,000 to provide support for the salaries and professional development of the members of the faculty and staff.

Support For Academic Programs

Named Academic Support Funds

Named School: Minimum gift of $10 million

Named Academic Division: Minimum gift of $5 million

Named Academic Department: Minimum gift of $3 million

Division Support Fund: Minimum gift of $1 million

Department Support Fund: Minimum gift of $500,000

Program Support Fund: Minimum gift of $250,000

 

Named Support Funds and Awards

Library Media Fund: Minimum gift to endowment of $25,000 to purchase books, periodicals, electronic resources or other materials for the library collection.

Information Technology Fund: Minimum gift to endowment of $25,000 to provide students, faculty and staff with ongoing access to electronic information and communication systems.

Award Fund: Minimum gift to endowment of $10,000 to provide a cash award in recognition of the service or achievements of a member of the student body, faculty, or staff.

Notice of Nondiscriminatory Policy As To Students The institution does not discriminate in its educational and employment policies against any person on the basis of gender, race, color, religion, age, disability, sexual orientation, national or ethnic origin, or on any other basis proscribed by federal, state, or local law.