Page 14 - Alumni Newsletter

Endowment Fund Campaign
About the Campaign
Why support this campaign?
How can you help?
What is an endowed fund?
Through the generosity of the Dane G. Hansen Foundation, Northwest Tech has received a matching grant opportunity for $150,000 per year for the each of the next three years to allow us to raise support for permanently endowed funds to benefit the college and our students. The benefit of this particular grant is that it allows us to match your contribution dollar for dollar until we hit the yearly goal of $150,000. This means your contribution is worth double the donation!
As a result of receiving this grant, we are launching a three-year endowed fund campaign (from 2021 – 2023) aimed at raising $150,000 per year. To reach this goal, we need your support!
Northwest Tech is one of the most significant economic engines in the region with an annual economic impact of $16 million on the local economy. While this is significant, your contribution allows us to provide more scholarship support to students (reducing student debt), place new equipment in our technical programs, and maintain our incredible facilities and campus. Perhaps the most important reason, however, is permanent endowed funds ensure the long-term fiscal stability of the work we collectively do to provide skilled labor for our region.
Countless students have worked in the shops and classrooms on our campus to better their lives, build a bright future, and work to gain skills in both high-demand and high-wage career fields. Many of our students are home-grown – they grow up in our region, learn valuable skills at the college, and remain in the regional economy as they contribute to the tax base, buy homes and start families. Your donation truly can contribute to changing lives and communities.
The best way you can help us meet our campaign goal is to reach out and consider establishing an endowed fund with the Northwest Tech Endowment Association!
The beauty of an endowed fund is that it lives on in perpetuity. The contributions you make, and
the matching dollars from the Dane G Hansen Foundation, are deposited into the Endowment Association’s pool of investments. Once a fund is fully endowed, the interest earned from the investments is utilized to provide an annual contribution to support areas of the college where
you want to make a difference. The corpus (your contribution and the matching grant dollars) are protected and not spent, meaning your fund will live on forever and impact future generations of NT Mavericks!
For a fund to be permanently endowed, the corpus must reach an account minimum balance of $5,000. When your fund reaches a balance of $5,000 it will be considered endowed and enter our investment pool. Once invested, the funds will begin to create investment income. By college policy, we distribute between 4.5% and 5.5% annually on the pool of investments. Any income your fund creates above these benchmarks is simply added back into your fund corpus – thus allowing it to grow over time.
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