Endowment supporters are offered opportunities to meet the students and faculty at PSC that benefit from their gifts. Endowments can honor or memorialize someone important to the donor. An endowment may be created to honor an individual who has deeply affected the donor s life, while others establish a fund to memorialize a family member or someone who was an important member of the PSC community of learners. Endowments link a donor s interests with a program, department or function of the college. For example, one fund supports scholarships for students who meet a certain profile, another fund provides a source for acquiring books for the library, and a third fund provides money to purchase campus plantings.
Endowments provide stability.
Since the principal is not spent, an endowment generates earnings year after year. For PSC, this means reliable support and financial continuity for ongoing programs and efforts. This is especially important for activities that cannot easily be started and stopped. Fluctuations in support for areas such as academic programs, libraries and student aid can be costly and debilitating. Endowments provide flexibility when they are contributed for the general educational mission of the college.