Help Hood Secure a Bright Future
Your gift to Hood's endowment helps the College ensure Hood's academic and financial strength forever. Endowment gifts can help the College in virtually every aspect of its mission.
What Endowment Really Is
- Hood's endowment is its financial foundation, its security.
- Endowment is an institution's invested capital that generates funds to be used, in perpetuity, to support the institution.
- Margaret Scholl Hood's gift of $40,000 helped to form Hood College's initial endowment. A portion of those funds continue to support the College today.
- Over the years, thousands of donors have added to the original endowment to provide permanent support for faculty, scholarships, academic programs, the library and sports teams, to name just a few.
- Most of Hood's endowment funds are invested in a balanced blend of high-quality, readily marketable stocks, bonds and other assets.
- Each year Hood College spends part of the endowment earnings on current operations and on the purposes designated by donors. The amount to be spent, called the payout rate, is set by the Board of Trustees to secure maximum purchasing power of the endowment.
- Hood College avoids dipping into the principal of the endowment unless required to meet critical needs of the College that cannot be funded from current operations.
What Endowment Does
- Hood's main sources of income are tuition, federal and state support, gifts and endowment.
- Unrestricted endowment earnings support the general operating budget. Other endowment funds support scholarships, book funds, professorships or programs, as specified by the donors.
- Today's students benefit from the endowment gifts of previous generations. Tomorrow's Hood is being created by today's endowment gifts.
Minimum Endowment Gift Levels
Effective June 2012, the Hood College Board of Trustees approved the following minimum gift levels that will provide enough earnings each year to fund the areas listed. Hood's development professionals will work with you to understand your desires and discuss funding options, which may include multi-year pledges and deferred gifts. To make or discuss an endowment gift or for other information, call the Office of Institutional Advancement at (301) 696-3700.
Endowed Faculty Chair (supports the salary and fringe benefits of a senior member of the Hood College faculty) $2,000,000
Named Lectureship or Fellowship (provides partial support for a junior or part-time faculty member or for a visiting artist or scholar) $500,000
Faculty Development Fund (supports travel, research and education costs for a specific department or for the faculty in general) $100,000
Endowed Scholarship Fund (to provide support for students) $50,000
Named Prize (awarded to an outstanding student or faculty member) $25,000