What is an endowment?

An endowment is a fund that is held in perpetuity and invested for long-term growth. A portion of each year’s earnings is provided for the intended purpose of the fund, while the remainder is reinvested.

Endowments serve the MCV Campus in several ways by:

• Providing financial stability by augmenting other traditional sources of revenue
• Enhancing programs to a level of quality that would not be possible without this additional support
• Allowing strategic planning over longer time horizons because of the presence of perpetual funding

How does the MCV Foundation manage its endowment?

The MCV Foundation has an endowment management policy that seeks to balance present needs with the desire to meet the future’s rising costs, which is achieved by reinvesting some of today’s earnings so that a larger principal will be available each year to generate more income. The combination of growing fund balances and growing earnings provides an outcome that will stand the test of time. Our team of experienced investment advisers develops and monitors our investment strategy.

How can I create an endowment?

MCV Foundation works with you and your advisers to establish an endowment fund that will be meaningful to both you and the benefiting program. The Foundation staff may work directly with you or in partnership with another MCV Campus development officer or administrator.

Endowment agreements are crafted and signed to outline the proper name, purpose and selection procedures, and to serve as a guide for future administrators. Bequest language is developed for programs to be funded from estates in the future.

What types of areas benefit from an endowment?

Areas include:

• Student support in the form of scholarships, fellowships or student awards
• Faculty support for chairs, professorships, teaching funds and faculty development funds
• Research funds for specific diseases
• Program support in the form of department funds or lectureships

How is the endowment name selected?

Endowment funds held at the MCV Foundation carry the names of some of the institution’s great leaders, as well as the names of donors and family loved ones. Generally, the naming of the fund is the privilege of the donor. A named endowment fund is a wonderful way to immortalize that special relationship between a donor or a loved one and our institution.

What dollar amount is required to establish a scholarship, a professorship or a chair?

Endowed scholarships help campus schools attract the brightest, most meritorious students and prepare them for careers in the health sciences.

* Covers in-state tuition, fees, room and board, and provides additional funding for books.
** Covers out-of-state tuition, fees, room and board, and provides additional funding for books.

Endowed lectureships, professorships and chairs strengthen our schools’ and centers’ efforts to recruit and retain today’s most gifted teachers and scholars.