An endowment is a college’s financial cornerstone, its core ability to fuel progress and provide support for students, faculty, academic programs and extra-curricular opportunities. Young Harris College’s endowment generates a steady stream of income in perpetuity that sustains its operations and activities. These funds are an irreplaceable source of stability, and their growth is critical to the ongoing success and financial well-being of YHC.
Endowed funds can be unrestricted, providing a resource that can be used to meet current college priorities and exciting new opportunities as they arise, or they can be designated for specific purposes, such as scholarships, professorships and chairs, academic programs or facility and grounds maintenance.
Establishing an endowed fund is an act of great generosity and vision.
Donors who choose to create an endowment have an opportunity to support Young Harris College both during their lifetime and for generations to come. Many choose to establish an endowed fund to honor a loved one or to memorialize an important figure in their life, ensuring that their name and generosity will forever be a guiding force in YHC’s success.
How It Works
Your initial investment in placed in the College’s endowment fund, which is managed for maximum return, and can be made in one lump sum or in increments over a pre-determined period of time. The initial gift is invested, and a portion (typically about 5%) of the fund’s market value is awarded annually for the purpose designated by the benefactor. Using only the yield on investment ensures the perpetuity of the original gift.
Below is a sample list of initial investments and their annual yield.
You may designate your endowment gift as unrestricted support or establish guidelines for how your gift to an endowed fund may be used. For example, scholarship guidelines may include students with a demonstrated financial need, a certain minimum grade point average or even those from a specific geographic location.
Initial Investment: $25,000
Approximate Annual Yield (5%): $1,250
Initial Investment: $50,000
Approximate Annual Yield (5%): $2,500
Initial Investment: $100,000
Approximate Annual Yield (5%): $5,000
Initial Investment: $250,000
Approximate Annual Yield (5%): $12,500
Endowment Opportunity: Distinguished Chair
Minimum Gift: $1,000,000
Endowment Opportunity: Chair
Minimum Gift: $500,000
Endowment Opportunity: Professorship
Minimum Gift: $250,000
Endowment Opportunity: Scholarship
Minimum Gift: $25,000
Endowed Century Club
You can also support Young Harris College by giving to already established endowed scholarships and funds. One example is the Endowed Century Club, which was established in 1977 and recognizes alumni and friends of Young Harris College who make a gift of $2,000 to an endowed fund that supports activities and programming of the College's Office of Alumni Services. Contributors become lifetime members of the club. For more information or to join the Endowed Century Club, contact the Office of Alumni Services at (706) 379-5334.
For more information about endowed giving, contact the Office of Advancement at (706) 379-5173.