Why is the endowment important to Grand Valley?
The endowment is particularly important to Grand Valley because state funding, once a primary source of revenue for the university, has been declining. With the growth of the endowment, Grand Valley is better able to plan for the future of the university. A strong endowment fund ensures permanent, financial stability.
Is the Grand Valley Fund part of the endowment?
No. The Grand Valley Fund is the primary source of annual unrestricted private funds at Grand Valley. It is used to provide direct benefits to students and helps to meet the university's highest priorities. Gifts given to this fund will be spent as needed, and often within the year.
Do small gifts make a difference?
Yes, any size gift makes a difference. Larger gifts are usually used to create a new fund whereas smaller gifts support these individual funds and help them grow. In fact, small gifts are very valuable to the Grand Valley endowment because they generally have fewer restrictions and tend to add up quickly.
What types of funds can be endowed?
A variety of funds can be endowed at Grand Valley. The most common types include scholarships, professorships, and academic program funds. Search already established funds for ideas.
How can I establish a fund or endowment?
Because the types of endowment funds vary, the first step to establishing an endowment is to contact the University Development Office to find out the current minimum investment needed to create a fund.
Do I need to fund my endowment all at once?
No. The University Development Office can assist you with ways to build the value of your fund over time.
Can I choose what I want my endowment to support?
Yes. Donors who establish an endowment fund have the option to decide what they want it to support.
Can I name my endowment?
Yes. The donor can choose to name their endowment however they like. Most people create endowments in their family’s name, but they can also be named in honor or memory of a person or organization.
How will I know my endowment is making an impact at Grand Valley?
You will receive an annual endowment update from the University Development Office.
What are the tax benefits of funding an endowment?
Endowed giving may qualify you for tax benefits. As with all gifts to non-profit organizations, it is best to check with your personal financial adviser to evaluate the tax benefits of your specific gift plan.