Endowments ensure the College's mission and provide support for current and future students.
An endowment is a sum of money that is carefully invested and managed by Hanover College to ensure that the donor's long-term interests are met. There are different types of endowed funds and at different levels. The principal investment remains untouched, while the annual interest earned supports a variety of purposes, including student scholarships, lectureships and the like.
You can support this important initiative by establishing a named scholarship or you may designate an endowed fund to support a specific area of the college.
Because endowments are permanent funds that provide annual support in perpetuity, they are often chosen by donors who wish to establish a gift in honor, memory or celebration of a family member or friend. Many of Hanover's privately funded scholarships bear the names of loved ones.
Endowed scholarships provide financial stability to our students. The principal gift is invested so as to ensure that your contribution produces interest income in perpetuity. A portion of the interest income is used for the scholarship award, and the remaining investment yield is returned to the principal to grow the fund over time.
Endowed Funds for Department and Program Support
You may establish an endowment to provide permanent, annual support for a specific department or program, including lectureships.
If you are interested in establishing an endowed fund, please contact the Senior Director of Individual Philanthropy, Kevin Berry, at 812-866-6813 or at firstname.lastname@example.org.