A&F Newsletter

Summer 2004

 

Double Your Investment

Cowley College has the exciting opportunity to raise $100,000, which will be matched dollar for dollar by a federal Title III Grant! The funds that are raised and the matching funds will be endowed and held in a fund to offer scholarships for students and other enhancements to teaching and learning. This is a wonderful way to establish a scholarship and double the value of your gift!

Donors may make their payment over a three-year period, and there are strict deadlines in which the college must qualify the gifts. The college can receive gifts of cash or securities. Some donors choose to give highly appreciated assets. In most cases, the deductible value of the gift will be the same, and the capital gains tax avoided is an additional tax savings that further reduces the net cost of the gift. The appreciated stocks or bonds should be transferred directly to the Cowley College Endowment Association to receive the tax benefits. The college cannot receive deferred gifts such as a charitable remainder annuity trust or unitrust, any federal funds or borrowed funds.

This Endowment match is part of the larger Title III Grant, which focuses on improving teaching and learning. Each year of the five-year grant, the funds are dispersed to different departments. This year, science and math have received wonderful new lab equipment and technology. Donors to the matching program may establish and name an endowed scholarship with a minimum of $5,000. The total $200,000 will be invested, and half of the interest earned for 20 years will be distributed, while the other half will remain invested to grow the fund. All donors will be recognized on a bronze plaque.

 

Summer 2004