Scholarships and Other Endowments
Endowments are permanent funds that benefit students in perpetuity. The earnings are disbursed annually for the purpose designated by the donor.
An endowment is a permanent fund made up of gifts to Otterbein College that are pooled together and then invested. Only earnings on the investment can be spent. The original gift is preserved in perpetuity. The earnings are disbursed annually for the purpose designated by the donor.
Our endowment allows the generosity of today's donors to have a positive impact not only for this generation, but for generations to come.
Endowed funds can be established for designated purposes, such as scholarships, faculty chairs, assisting with operating costs, and research grants, or can be put toward the College's general endowment, which allows for expenditures where the need is greatest.
Scholarships
A scholarship can be endowed for $25,000 or more. Contributions of any amount may be given to existing scholarships at any time.Faculty Chairs
A faculty chair endowment is used to supplement the salary and benefits available in a particular department in order to allow the College to attract top faculty. These have an enormous impact on the entire campus, providing an injection of new scholarship, superior teaching and a higher profile for the College. Endowed chairs require a minimum gift of $2,000,000.Programming
Many ongoing special programs are funded by endowments. Lectures, research projects, campus-wide learning activities and more are funded through endowments created for specific on-going programs. The size of the endowment required is dictated by the goals of the program.General Endowment
Earnings from the College's general endowment are an important part of the operating budget each year. Special maintenance projects, technology updates, and other non-fixed expenses are partially met by General Endowment income. Your gift, of any amount, to the General Endowment increases the long-term stability and financial strength of the College.An Otterbein Development Officer can help match your interests with the College's needs to establish a new endowment, or identify an existing endowment to which you might add your gift. Call us toll-free at 1-888-614-2600 for more information.
