Names Funds Policy

Named, yet non-endowed, restricted funds may be established by donors to support student scholarships and awards or academic program and/or faculty chairs and lectureships in support of the College and/or specific programs. A minimum annual contribution of $1,000 for five years (meaning a minimum commitment of $5,000) is required to name a fund. This minimum funding requirement allows the Foundation to effectively and efficiently manage restricted gifts while also giving donors an opportunity to name specific funds.

Procedures

  1. Donors are required to provide a written notice of their intent to establish a restricted fund. To meet this requirement, donors will be asked to sign documentation outlining their intent as well as the guidelines for use of the fund.
  2. Restricted funds may be spent down until the balance is zero in accordance with donor guidelines.
  3. Donors may continue to annually contribute to the named fund, after the initial minimum funding amount is met, in an amount of at least $1,000.

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