How is money from an Athletic Endowment Fund used?
How are V Club Endowments managed?
What kind of Endowments does the V Club offer?
How do I establish or contribute to the Athletic Endowment Fund?
Naming an Endowed Fund
What are the benefits of an Endowment for MVSU Athletics?
What is the minimum amount to start an Endowment?
How do our donors benefit from giving to an endowment?
How is money from an Athletic Endowment Fund used?
Athletic endowment funds provide financial support for our athletics program above and beyond the university’s operational budget. Endowment funds will not only provide scholarships. Funds may serve additionally as capitol to underwrite facility upgrades.
How are V Club Endowments managed?
The V Club invests the funds and spends between 4 and 5 percent of the annual total on MVSU Athletics. Therefore, the V Club is able to provide supplemental operational support to the athletics department annually, forever. Endowment funds are invested and managed to produce the greatest annual return while balancing principal safety.
What kind of Endowments does the V Club offer?
Individual Endowments
Alumni, friends and other loyal MVSU supporters may endow gifts to benefit the athletics program. Endowed gifts provide a continued source of assistance for MVSU Athletics and create a lasting legacy for the donor. Endowment funds are named at the donor’s request, whether in their names, in honor of loved ones or in tribute to a special MVSU coach or student-athlete.
Group Endowments
Similar to individual endowments, group endowments represent a commitment to the future of MVSU Athletics. Graduating classes, academic units, alumni groups and those who share a common MVSU coach can make a gift in honor of that connection.
How do I establish or contribute to the Athletic Endowment Fund?
Establishing an Endowment
An endowment gift may be made via a one-time donation or over a number of years. A Memorandum of Agreement (MOA) is produced among the Donor(s), the MVSU Athletics Department and the V Club outlining the terms of the endowment and the criteria for distributions.
The V Club may not change or alter the MOA without the express written consent of the Donor(s). Endowed funds may only be utilized pursuant to the terms of the MOA and are not available for any other purpose.
Contributing to an Endowment
Gifts to established endowed funds may be given at any time and for any amount of money. Gifts may come in the form of cash, stock, real estate or planned gifts such as charitable trusts, charitable gift annuities, life insurance or bequests.
Naming an Endowed Fund
To establish a named endowment, a donor must contribute a minimum of $25,000. Gifts may come in the form of cash, stock, real estate or planned gifts such as charitable trusts, charitable gift annuities, life insurance or bequests. A donor also may make pledge payments over three to five years to reach the $25,000 minimum donation.
Those who name an endowment also will be honored with an annual award given to an outstanding student-athlete within the designated sport. A donor may make additions to their own or any other endowed fund at any time.
What are the benefits of an Endowment for MVSU Athletics?
Endowments play a critical role in the long-term financial stability of MVSU Athletics. State appropriations continue to decline as a percentage of the university’s operating budget. Endowment distributions aid by adding financial strength to the MVSU Athletics future and to the future of student-athletes for generations to come.
What is the minimum amount to start an Endowment?
The minimum amount required to establish any endowed fund is $25,000. A donor may create an endowment with an initial donation of 20% of the donor’s total proposed funding and a pledge for the payment of the balance within five years. All funds that would otherwise be distributable from the endowment will be reinvested as a permanent addition to principal until the endowment is funded with the above mentioned minimum required funding.
How do our donors benefit from giving to an endowment?
An endowment is a permanent and personal way to make a difference in the lives of MVSU student-athletes. By contributing to an endowment, the donor ensures that his or her values and legacy become a permanent part of MVSU Athletics success. Funds are professionally managed with the intentions of aiding MVSU Athletics forever.
