What is an endowment?
Endowments are permanent funds that benefit students in perpetuity. The earnings are disbursed annually for the purpose designated by the donor.
An endowment is a permanent fund made up of gifts to Otterbein University that are pooled together and then invested. Only earnings on the investment can be spent. The original gift is preserved in perpetuity. The earnings are disbursed annually for the purpose designated by the donor.
Our endowment allows the generosity of today's donors to have a positive impact not only for this generation, but also for generations to come.
Endowed funds can be established for designated purposes, such as scholarships, faculty chairs, assisting with operating costs, and research grants, or can be put toward the University's general endowment, which allows for expenditures where the need is greatest.
A scholarship can be endowed for $25,000 or more. Contributions of any amount may be given to existing scholarships at any time.
Many ongoing special programs are funded by endowments. Lectures, research projects, campus-wide learning activities and more are funded through endowments created for specific on-going programs. The size of the endowment required is dictated by the goals of the program.
Earnings from the University's general endowment are an important part of the operating budget each year. Special maintenance projects, technology updates, and other non-fixed expenses are partially met by General Endowment income. Your gift, of any amount, to the General Endowment increases the long-term stability and financial strength of the University.
Named Endowed Funds
An Otterbein Development Officer can help match your interests with the University's needs to establish a new endowment, or identify an existing endowment to which you might add your gift. Call us toll-free at 1-888-614-2600 for more information.