Their performance is monitored carefully by the Foundation's Finance Committee. Each fund owns shares in the endowment pool, like in a mutual fund, ensuring that all benefits and risks are equally shared. Most of our endowed funds assist students with school expenses - from tuition and fees to books. Tuition at BCC has more than doubled over the last decade and student need has increased dramatically. Grants in aid are distributed by the Office of Financial Aid, based on the calculation of student need and donor criteria such as program of study, grades, high school attended, or county of residence.
Many funds also support recognition of student achievers with merit scholarships.
Endowed funds also help faculty and staff upgrade their skills, support innovation in the classroom, and aid the general purposes and projects of the College and the Foundation. The Van Gorden Math Chair Fund aids faculty in developing projects that will enhance the teaching of math across the curriculum by providing for faculty release time, specialized equipment, supplies, etc. For a sample endowment agreement, please click here.