What is an Endowment?
An endowment works like a permanent savings account. The amount you give (the "principal" or "corpus") is not spent. Only the earnings are spent and only for the purposes you specify. The funds in the account are invested by Delta College and your fund is accounted for separately. As the value of the fund grows through investment, a portion of the earnings are distributed and transferred into a separate "spending" account for your fund and used as you have specified to benefit Delta College.
Is There a Minimum Required?
The minimum amount necessary to establish an endowment at Delta College is $20,000. You may reach this minimum through gifts contributed over a three-year period if you desire.
How Much is Awarded?
Delta College awards 4 percent annually -- the national average for educational institutions -- to the cause you have specified. The remaining amount above four percent is folded back into your fund enabling it to grow and provide greater earnings in the future. Please contact the Delta College Foundation at 989-686-9226 if you have any questions or would like more information.