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What is endowment?

April 26, 2017endowment

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What is endowment?

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Augustana’s endowment is a “trust fund” – a nest egg for the future. The fund has been built over the years through generous gifts of all sizes designated for a variety of purposes. Each endowment gift is invested to generate growth and income, and Augustana spends only a portion of the annual investment return in supporting the college’s mission and operations. To guard against diminishing funds caused by inflation, the remaining investment return is added back to the fund. The goal is to ensure that the fund maintains its value over time, and the programs supported by the endowment receive the same – or even greater – funding in the future as they receive today.