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Establishing an endowed fund is a great way for those who support the Mount to ensure that their connection to our school endures for generations.
An endowed fund is created when the Mount receives a significant gift and is able to use the proceeds generated by that gift to serve a designated purpose that you specify. For instance, an endowed fund can support students (through scholarships), faculty, programs or building maintenance.
You can elect to establish an endowed fund that provides support for the school in perpetuity or for a fixed period of time, so that during that time, the gift amount and all earnings are expended in accordance with the terms of the endowment so that no funds remain.
Endowed funds can be established in several ways, either singly or in combination with each other. Among the options are:
- Donations of cash
- Donations of securities
- Establishment of a planned gift (Please click on the link to our Planned Giving page to read more about these options)
- A combination of these options
Endowed funds are typically named by the donor and are an excellent way to leave your legacy at the Mount.
To read about active endowments at the Mount, like the Doris M. Byrne Endowed Scholarship, please click on the link to the Doris M. Byrne Endowed Scholarship.
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