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The endowment of the West Hills College Educational
Foundation is professionally managed following guidelines developed by
the Foundation's Finance Committee. The Committee monitors the performance
quarterly and annually conducts an in-depth review with the investment
advisors.
Each named endowment is maintained as a separate account and receives
its pro-rated share of the endowment's earnings and appreciation (total
return). The usual annual pay out is 5%, following guidelines of the
National Association of College and University Business Officers. Any
positive difference in total return of the principle is credited to the
endowment account. This helps to ensure continued growth of the account,
thereby increasing the earnings that may be spent annually. The investment
goal is to realize a return in equities and bonds that exceeds the pay
out plus the applicable rate of inflation to yield a positive growth
of the net worth of the account over time.
Endowments provide predictable
revenue for scholarships, faculty development, instructional support, library
acquisitions and campus growth and enhancement. Endowments offer revenue
in perpetuity which faculty and staff can use in planning curricula, building
program excellence, and increasing access and opportunities for student
success.
The following describes some of the more common endowment and the
minimum amount of support needed to create a named endowment. The donor
selects the name of the account. A Memo of Understanding (MOU) or a letter
of transmittal can detail any restriction or guidelines that the donor
wishes to apply to the use of the gift. Unrestricted contributions are
always welcome to meet new and emerging needs.
All contributions are used
for the purpose intended. No gift income or revenue from the endowments
is used to support the operating and fund-raising expenses of the Foundation.
We would be honored to meet with you and discuss the many possibilities
for fashioning a gift to West Hills College Educational Foundation that
meets your philanthropic interests and the needs of the college. Examples are noted below.
Academic
Awards - recognizes faculty-selected students who have demonstrated academic
achievement.
FACULTY SUPPORT
Endowed Teaching Chair - professional faculty development and
enhancement of an academic discipline, career program, specialty area or
community issue.
Faculty Prize - provides monetary stipend,
travel award, study grant or other appropriate form of recognition to faculty
for educational excellence, superior teaching, and academic achievement.
ACADEMIC
SUPPORT
Academic Advancement - discretionary funds for faculty to finance
a variety of student-centered academic enrichment activities.
Cultural Enhancement
- concerts lectures, ballet, drama, dance, and art exhibitions to supplement
regular college-sponsored programs.
Library Acquisitions - supplement the
acquisition's budget for the campus-based learning resource center. Can
be specific to a discipline or program as well as directed for a particular
department.
Instructional/Athletic Equipment - classroom, studio, laboratory,
athletic field upgrades and enhancements and supplemental instructional
equipment.
(Use info. in Angel collateral material)