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What are Endowment funds?An endowment fund is a gift that a donor
gives to the University in which the actual gift is placed in a bank account to
earn interest. With the amount of interest accumulated, the University
will develop scholarships for students in need. The donor may specify
the criteria
for the scholarships. The initial gift will not be taken out of
the account. The only money used will be the interest. Endowments
can also be established for other needs, such as faculty development,
teaching equipment, library resources, building and grounds maintenance,
etc.
Endowment
Scholarships
For further information about endowment funds, please
contact:
Gary Mulhall, Director of
Institutional Advancement or
Office of Institutional Advancement: 800-220-7722 or
(360) 438-4366
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