An endowed gift is one in which the principal funds are invested and only investment returns are utilized for the donor's stated purpose. With professional investment management assistance, the Trustees manage the endowment to grow and keep pace with inflation. Bethany's endowment includes gifts for scholarships, professorships, lectureships, library acquisitions and programs.
Scholarships may be designated by certain criteria including, but not limited to, geographic region, area of study, academic standing, etc. Donors are encouraged to make additional contributions to their scholarships in order to increase the earnings. A scholarship endowment can be established with a minimum gift of $25,000.
Endowed Professorships honor in perpetuity a person or persons named by the donor. Distinguished scholar-teachers will be appointed to fill these positions. Professorships may be funded with minimum gifts of $1.5 million.
Endowed lectureships also honor in perpetuity a person named by the donor. Distinguished speakers are brought to campus for a lecture series in the academic department named by the donor. Lectureships may be funded with a minimum gift of $15,000.
Academic programs at Bethany may be endowed with a minimum gift of $10,000. The donor and the College agree upon the purpose and use of the income generated. There are few gifts as important to Bethany as those designated to enhance the teaching and learning process.
Gifts of $500 to this endowment fund enable the purchase of a book for the T.W. Phillips Memorial Library each year; thus, the gift is perpetuated on an annual basis. Each gift is recognized with an inscription on a brass leaf that is placed on a Tree of Knowledge in the Library.