An endowment is a group of funds that have been donated to a tax-exempt organization so that the earnings on the funds can be used to advance the organization s mission as long as it exists. It allows donors to transfer private dollars to support public purposes. PSC currently has 58 endowed funds, each serving a unique purpose.
Some funds provide scholarships while other funds support a variety of types of awards.
An endowed gift keeps giving over time and encourages a continuing interest on the part of the donor. At PSC, donors are sent annual updates on how their gifts support PSC s students and faculty. They also receive a yearly report on the financial growth of their fund. 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.