$600,000 in Matching Funds Available as part of $3.2 million Title V Grant
This fall, Donnelly, a federally designated Hispanic Serving Institution, was awarded its third consecutive Title V grant from the Dept. of Education. Donnelly will use this five-year, $3.2 million grant, to boost students’ academic success, further develop in-demand academic programs, and boost the college’s endowment by offering nearly $600,000 in a dollar for dollar match for endowed fund gifts.
“With this grant, there’s potential to add nearly $1.2 million to the college’s endowment,” said Emily Buckley, Vice President for Advancement. “It’s a wonderful opportunity for donors to double their gift and to build a fund’s corpus – the amount that remains permanently invested. Annually, only the interest earned is used to support either scholarships or programs, as designated by the donor.”
To create a new endowed scholarship or program fund with naming rights and restrictions, the minimum donation is $10,000. Donors can also contribute to an existing scholarship or program endowment fund. The funds are available on a first-come first-serve basis.
The Title V grant will also strengthen the College’s newly-accredited, four-year bachelor’s degree in Information Systems (IS), and add a degree program in nursing. A significant portion of the grant, $900,000, will be used to renovate 7,640 square feet of campus space to establish an Academic Resource Center (ARC). In addition to providing centralized academic and student support as well as library resources, the space will include a tutoring center and flexible instructional space.
To find out more about the endowment matching funds available, contact Donnelly’s Advancement Office or email: advancement@donnelly.edu.
“With this grant, there’s potential to add nearly $1.2 million to the college’s endowment,” said Emily Buckley, Vice President for Advancement. “It’s a wonderful opportunity for donors to double their gift and to build a fund’s corpus – the amount that remains permanently invested. Annually, only the interest earned is used to support either scholarships or programs, as designated by the donor.”
To create a new endowed scholarship or program fund with naming rights and restrictions, the minimum donation is $10,000. Donors can also contribute to an existing scholarship or program endowment fund. The funds are available on a first-come first-serve basis.
The Title V grant will also strengthen the College’s newly-accredited, four-year bachelor’s degree in Information Systems (IS), and add a degree program in nursing. A significant portion of the grant, $900,000, will be used to renovate 7,640 square feet of campus space to establish an Academic Resource Center (ARC). In addition to providing centralized academic and student support as well as library resources, the space will include a tutoring center and flexible instructional space.
To find out more about the endowment matching funds available, contact Donnelly’s Advancement Office or email: advancement@donnelly.edu.