Many donors choose to establish or contribute to an endowed fund, creating a lasting legacy. The income from the endowment provides ongoing support to the donor's chosen priority.
Endowment is the financial foundation that provides both stability and flexibility for Columbia Theological Seminary. Columbia invests endowed funds and uses a portion of the income for the purpose the donor specifies, while the remainder is reinvested in the fund to keep pace with inflation.
Endowed funds can be unrestricted or designated for a wide range of purposes, including scholarships, faculty chairs and professorships, academic programs, and maintenance of facilities.
An endowed fund can be established with a minimum commitment of $25,000. Gifts are commonly made in the form of cash, marketable securities, real estate, personal property, life insurance, and provisions in a will or revocable trust. Other planned gift options include retirement assets, life insurance, real estate and life income gifts - unitrusts, annuity trusts and gift annuities.
Naming opportunities are often available to donors who establish an endowed fund or provide substantial support for a program or facility. You may choose to have your own name associated with the fund or area you support. You also may wish to honor or memorialize another person.
For more information on establishing an endowed fund or to learn more about naming opportunities, please contact:
Vice President of Institutional Advancement