How is an endowment gift made?
Planning an endowment gift is a personal process. Some make outright gifts of cash or appreciated securities toward the college’s general endowment, in addition to their annual support through The Augustana Fund. Others may choose to create a separate, named endowed fund. These donors work with Augustana development staff to establish their endowment and craft written guidelines to govern its use in perpetuity. Some donors decide to establish an endowment through their will or trust provisions, or through some other planned gift arrangement. Because these gifts will take effect some time in the future, Augustana encourages each donor to contact the Development Office for specific wording regarding future endowment funding. Augustana is a careful steward of its resources and gifts. When a donor makes an endowment gift, that donor remains involved in the life of the college, and receives regular updates on the use, value and individual impact of his or her endowment gift.
