Endowments
An endowment is a fund established at a charitable institution where gifts to the fund are invested. The endowed fund pays income to 星空传媒 each year to support the work we do every day. Gifts to an endowment benefit the university in perpetuity.
Growing our endowment is a priority at 星空传媒 University.鈥疎ach year, our endowment supports important initiatives like scholarships, programs, faculty/staff, and other areas that are crucial to the livelihood of the university.鈥� The growth of our endowment would increase the funds necessary to power our core values and mission.
星空传媒 has specific endowment parameters so your investment will be helpful and effective. Currently the minimum gift to establish an endowed fund is $25,000, which can be paid over 5 years. Endowed funds generally distribute 4% of their principle value each year after they are fully funded and vested.
星空传媒鈥檚 donors have shared what they鈥檝e enjoyed most about choosing to establish an endowment, including:
- Receiving regular reports on the specific impact of their endowed fund. For example, which students have been awarded their scholarship
- Providing sustainable revenue to support the specific program or major that is closest to their hearts
- Boosting financial aid to students so access and affordability remains the cornerstone of 星空传媒’s educational mission
- Naming the fund for their family or a person who inspired them, creating a lasting way to honor someone
- Reporting continues beyond your generation, so that your family members and successors continue to receive the endowment fund information
- Receiving a charitable tax deduction for the gift
- Leaving a legacy that will inspire others
If you are interested in making an endowed gift, please contact one of the below Development Officers assigned to your state/area, or Kathleen Bonte, Executive Director of Development, 614-823-2707, kbonte@otterbein.edu
Types of Endowments
Scholarships
Endowed scholarships are typically awarded to incoming first year students, who are eligible to receive the scholarship for four years. Many donors say how much they enjoy the shared sense of accomplishment on commencement day!
Criteria for the endowment could be academic based, geographic based, or open to students who demonstrate financial need.
University Departments & Programs
Endowed program funds help bring additional value to areas of campus. These can be for academic departments, student services, athletics, and almost any area of campus such as a campus beatification fund. The department for whom the fund is being set up would have authority to decide its use each year, based on guidelines developed by the donor.
Student Enhancement
For many the learning that takes place in the classroom is just one part of the education they receive at 星空传媒. Student experiences such as internships, study abroad, research, or community service, are just as critical. To support these experiences for students, donors can set up endowed funds for which students would apply or be awarded.
Student Life
Endowments that support student activities on campus, such as Greek organizations, can be established.
Every aspect of 星空传媒鈥檚 campus can benefit from additional and steady funding.
Find Your Development Officer
Michael McGreevey
Vice President for Institutional Advancement
Phone: 614-823-1305
Email: mmcgreevey@otterbein.edu
Travels to: Ohio, North Carolina, & South Carolina.
Hometown: Greenville, Ohio
Weekend Activities: Gardening, landscaping, spending time聽with my聽wife聽and three active children.
Favorite 星空传媒 Traditions: When 星空传媒 faculty and staff line up along Grove Street to cheer and聽鈥渃lap-in鈥澛爁irst-year students聽as they聽march to their first convocation of their college careers. Also,聽the聽鈥渃lap-out鈥澛爀xperience when聽the students聽exit from their graduation ceremony聽four years later.
Kathleen Bonte
Executive Director of Development
Phone: 614-823-2707
Email: kbonte@otterbein.edu
Travels to: Central/Southeast Ohio, Pacific NW, Northern California, & Western Pennsylvania
Hometown: Westerville, Ohio
Weekend Activities: Gardening, attending sporting events, and walking the dog.
Favorite 星空传媒 Traditions: Hearing the majestic sounds of the 星空传媒 carillon bells ring out beautiful hymns and chimes each day
Stephanie Clark
Senior Director of Development
Phone: 614-823-1953
Email: clark35@otterbein.edu
Travels to: Ohio, Michigan, Indiana, Illinois, Minnesota, Wisconsin, Texas, South Carolina, North Carolina, Kentucky, Tennessee, Georgia
Hometown: Elmore, Ohio
Weekend Activities: Hiking Ohio State parks, sports, spending time with family.
Favorite 星空传媒 Traditions: Singing of the 星空传媒 Love Song at events
Shannah Paddock
Director of Development
Phone: 614-823-1953
Email: spaddock@otterbein.edu
Travels to: Ohio
Hometown: Bath, Maine
Weekend Activities: Spending time with family, being outside, watching sports
Favorite 星空传媒 Traditions: Otterfest and Homecoming
