Building the Endowment: $50 million
Endowment growth is a priority. Augustana provides an education of enduring worth that is rooted in its mission, core values, and—significantly—a strong and growing institutional endowment. By creating endowed funds, donors committed to the College’s mission can support both their own values and College needs in perpetuity. Endowment is ultimately the most important guarantee of institutional excellence, generation after generation. Endowment growth positively impacts access, excellence and capacity. At Augustana, we will increase Scholarships, fund Distinguished Professorships and Chairs, provide Faculty & Staff Development, create new named funds to support and grow programs of distinction and high impact, and provide other social and community experiences for all undergraduates.
The following are specific opportunities to support endowment priorities:
Attracting an academically gifted student body is a competitive enterprise in higher education today. Cost is critical to the decision process for prospective students and families. Augustana is seeking major gift support to build permanent scholarship funding based on area of study, academic achievement, financial need, geography and student diversity, talent participation (such as the arts and athletics), study abroad and more.
Endowed Faculty Positions
Highest distinction is earned by top-performing professors who also demonstrate important leadership acumen. Augustana must compete and win in the national marketplace for faculty who will shape, nurture and lead our academic programs. Named gifts will fully support the appointment of endowed faculty positions like Distinguished Chairs and Distinguished Professorships for faculty who demonstrate exceptional scholarship and leadership.
Faculty & Staff Scholarship and Research
Annual earnings from this endowed fund will be available to support the continued scholarly, research and professional development opportunities for Augustana faculty and staff. Investing in our human capital is a major goal for the College. These faculty enhancement opportunities are integral to the quality of our students’ experiences.
Other Named Funds
Named funds will help us build excellence in areas such as academics, athletics, graduate and professional studies, international programs and the performing and visual arts. Augustana looks to simultaneously preserve and nurture existing excellence while we develop new ideas to better serve our students and prepare them for success.
Please ask us about particular areas where you would consider making an investment that will have an impact on Augustana for years to come.
How to establish endowed funds
When you endow a fund, you may name it after yourself, or you may name it to honor and pay tribute to mentors or loved ones.
You may establish an endowed scholarship with a minimum $25,000 gift. To establish an endowed professorship, the minimum gift is $1 million. To establish an endowed faculty chair, the minimum gift is $3 million.
You may establish an endowed fund in several ways:
- Donating cash — online or otherwise;
- Creating a planned gift such as an annuity, charitable remainder trust or by making a bequest in your will;
- A combination of these options.
Thank you for your interest in supporting Augustana. Please consider how your gift will positively impact Augustana today –and provide a bright future.
By supporting strategic, leveraged investments in the academic and community fabric of Augustana, your gift to the endowment will have a sure and direct impact on students for years to come.
Contact a development director in the Office of Advancement to get started on this important partnership.