What is an endowment?
An endowment is similar to a savings account in which the generated earnings from the principal provide a permanent source of funding for a particular purpose at the College such as a scholarship/grant, the arts, or program support. Since an endowment’s principal is never spent, the funds create financial stability, allowing HCC to be less dependent on unpredictable sources of revenue, such as government supported grants. HCC endowment funds are professionally invested and managed by external investment advisors.
