Annual Giving to the Wells Fund
One of the highest fundraising priorities at Wells is annual support. Gifts to the Wells Fund provide immediate, direct funding for virtually every aspect of the College's ongoing operations. Every gift matters, every year. Whether directed to an area especially meaningful to you, or given with the expectation that the College will apply it where most needed, your Wells Fund gift immediately benefits today's faculty and students.
Reunion giving is an opportunity for you to stretch your annual giving. There is an expectation that each class will present a class gift to the College to honor their Reunion. The class Reunion gift includes everything given or pledged by members of the class during the Reunion fiscal year (July 1 - June 30). This includes gifts to the Wells Fund, gifts designated to another specific fund or purpose at Wells, expected employer matching gifts, planned gifts contracted during the Reunion year, and gifts made by friends or family members in honor or memory of a member of the class.
All pledges made for a 3-year period will count as well. That means, if you want to give a sizable amount over a period of time, you can contribute a third of the total each year beginning in the Reunion year and all of it will go toward the class Reunion gift.
In the past Reunion classes could have a Reunion fund and then the class would vote where to designate that money. Now the College would like to encourage all Reunion classes to contribute to the Wells Fund but if you are celebrating a major Reunion and think your class has the capacity to raise over $100,000 we would be glad to work with you to fund a special project to honor your Reunion. We will need to set this up as early as possible in the fiscal year.
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 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.
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.
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.
You may direct your support to any of the above designations.
Your gift makes a difference. Thank you for your support of Wells!