Endowments

An endowment is a charitable gift that is invested and managed in a way that allows the gift to provide a revenue stream to NCC while maintaining the purchasing power forever. Large endowments simply create long-term stability and have a tremendous impact on strengthening academic quality. Endowments may be created through a one-time or on-going financial gift, or they can be established through an estate gift when someone passes away.

Anyone can give a gift to go towards any endowment. Typically an endowment start-up amount is $5,000. That's approximately $85 per month for 5 years. The majority of NCC’s endowments create income used for student scholarships. An endowment can also be created to fund campus renovations and upkeep. A good example of this is a recent estate gift, given by the Fisher family, which was used to renovate the former snack bar. We have completely renovated this building with the funds from the estate and created an endowment for the upkeep of the Fisher Memorial Conference Room.

Endowments are a great way to leave a legacy for yourself or a loved one. For more information on creating or funding an endowment, contact Charlene Lovegrove at clovegrove@niagaracc.com.