Unrestricted
Giving to the Annual Fund
One
of the highest fundraising priorities at Wells is unrestricted annual support.
Unrestricted gifts to Wells give the college the ability to direct support
where it is needed most.
Such
gifts provide financial assistance for students, support faculty salaries
and programs, support technology and fund the programs that make Wells
unique among peer institutions. Gifts made without restriction in support
of annual operations are significant in that they preserve the college’s
endowment. The college is committed to reducing its annual draw on the
endowment so this vital source of financial security is maintained well
into the future.
Gifts in Support
of Endowment
Today's
students benefit from the generous endowment gifts of previous generations.
The Wells of tomorrow is being created by the endowment gifts of today.
The
endowment at Wells comprises invested capital that generates funds to be
used, in perpetuity, to support the college. Each year the college spends
part of the endowment earnings on current operations and on the purposes
designated by donors. To protect the principal against inflation, part
of the earnings are reinvested. The amount to be spent, called the payout
rate, is set by the Board of Trustees to secure and even increase the buying
power of the endowment. Endowment income provides a hedge against downturns
in the economy, federal and state budget cuts, fluctuations in the political
climate, and other changes.
Unrestricted
Giving to Endowment
Unrestricted
gifts to endowment are the most versatile of all. Gifts given without restriction
allow endowment earnings to support the general operating budget and enable
the college to respond to emerging needs and opportunities as they arise.
Scholarship
Endowment
Scholarship
support is critical to ensuring that the doors of Wells remain open to
bright and deserving students regardless of their financial circumstances.
The rising costs of educating students today necessitates that the college
secures its ability to provide financial assistance for students into the
future. For a gift of $100,000 you can establish a named scholarship at
Wells.
Faculty Endowment
Dedicated
professors are at the heart of Wells College. In recent years Wells has
faced intense competition for outstanding professors from colleges that
offer higher salaries and levels of program support. Gifts made to endow
faculty positions enable the college to attract and retain outstanding
faculty members by offering them higher salaries, prestigious recognition
and increased support. For a gift of $1,250,000 you can endow a named professorship.
Program Endowment
Private
support sustains many of the college’s hallmark programs including:
Athletics,
the Henry
Wells Scholars Program, the Arts and Lecture Series and the Wells
Book Arts Center. The ability to offer these programs keeps Wells competitive
in the admissions marketplace, is key to maintaining enrollment and perpetuates
the good reputation of the college as a true liberal arts institution.
A named fund in support of a specific program can be established for gifts
starting at $50,000.
Science Campaign
To
continue to attract the most talented students and faculty, Wells must
offer a superlative education in the sciences, including access to the
same high-quality science facilities offered on other college and university
campuses. A major initiative is underway at Wells to raise funds
to construct a new science building that will house new laboratory, greenhouse,
and teaching space. Wells alumnae and friends have contributed generously
to this project. The timeline for constructions on this project is dependent
upon securing the balance of necessary funds. To date, $10 million of the
$18.2 million goal has been raised.
You
may direct your support to any of the above designations. Please contact
Amy Robinson at (315) 364-3443 or by e-mail at amyrob@wells.edu
for more information about these and other fundraising priorities at Wells.
Your gift
makes a difference. Thank you for your support of Wells!
Last updated 01/13/2006
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