Endowment & Scholarships
Nazareth's endowment serves students. By generating money for academic programs, faculty chairs, new technology, and other needs, the endowment makes Nazareth better at everything we do. And for students who depend on scholarships, the endowment is the difference between earning degrees or not earning them.
What Is Endowment?
What does the endowment do for Nazareth? It secures the future of the College and provides academic opportunities for students and professors. A robust endowment reduces the College's dependence on tuition — a variable that ebbs and flows over time — and builds a firm financial foundation. Income from the endowment is applied strategically to:
- Expand scholarships and increase student access to a Nazareth education.
- Enhance faculty and student research, international education, community engagement, and service-learning.
- Emphasize faculty development.
- Support the Heritage Fund to maintain the beauty and functionality of the campus.
$10 million Our goal for increasing the endowment through the Campaign for College and Community
Almost two-thirds of the endowment is unrestricted, allowing Nazareth to meet priority needs in technology and other essential areas while maintaining the flexibility necessary to thrive in a changing environment.
Colleges and universities should never rely too much on any one source of funding; historically, however, Nazareth has been approximately 95 percent enrollment-dependent. A healthy, growing endowment adds diversity to Nazareth's revenue streams and safeguards against future economic downturns.
The continued excellence of Nazareth College rests on a level of financial support that can only be gained through a robust endowment. As it grows, so can we — in all the right ways.
The endowment underwrites scholarships for students in the helping professions. These future teachers, nurses, social workers, and physical therapists will serve the needs of Rochester residents.
40 percent Nazareth students who come from families earning less than $75,000 per year
98 percent Students who receive grants or scholarships that do not have to be repaid
$800,000 Endowed scholarship funds available in 2010 — far short of the $19 million in College operating funds that covered scholarship support.
$25,000 Minimum gift to start an endowed scholarship
Endowed scholarships create the next generation of leaders. These self-sustaining scholarships attract high-ability students and play an essential role in forming successful graduates who will make a difference in Rochester — and far beyond.
Expanding Student Opportunity
Through the endowment, Nazareth can leverage its resources, attract exceptional students, and turn out graduates with a solid knowledge base and an expanded consciousness. Increased scholarship funding would enable the College to expand access to a Nazareth education by providing both need-based and merit-based aid. An enriched endowment also helps to fund additional graduate assistantships, enabling Nazareth to attract outstanding candidates for higher degrees. And it provides resources for the new technologies, increased international travel and study programs, and volunteer experiences in the Rochester region that characterize a Nazareth education.
Nazareth professors are renowned for their teaching. Endowed chairs make them even better. Professorships, interdisciplinary centers, book funds, and other endowed resources motivate faculty members to extend their intellectual growth and global citizenship. Our goal is to:
- Support travel experiences and academic endeavors that add global insight to the subjects professors teach.
- Finance student research teams who collaborate to create new knowledge.
- Enrich the campus learning community by attracting top talent.
$2 million Minimum gift to endow a professorship
Enriching the Learning Experience
Endowed professors create knowledge and draw on new worlds to engage their students. They raise teaching to a new level while enhancing Nazareth's reputation in the academic community and attracting outstanding faculty to the College. Endowed professorships often support students who participate in research with a public service element in the Rochester community.
12.1% Return on the endowment in 2010. Nazareth ranked in the top 10 percent among 850 colleges and universities.
$16,375 Endowment per student, as of June 2010, a number much less than our peer and aspirational schools.
$19 million Operating funds spent on scholarships. This is the second-largest line item in the College's budget.
Nazareth's management philosophy balances the needs of students with the needs of succeeding generations. The $10-million fundraising goal will create more scholarships and free up operating funds for strategic initiatives that contribute to the College's long-term strength.
Nazareth has a robust infrastructure around its portfolio, including an attentive trustee committee, a strong internal staff, and a professional advisory firm to assist in selecting individual asset management companies.
- The endowment is made up of gifts that are invested to earn annual income and gains. These gifts may go to restricted or unrestricted funds.
- The endowment fund is invested on a pooled basis, in which all funds are grouped together. The portfolio is invested in stocks, bonds, and other asset categories.
After salaries, financial aid is the biggest budget line at Nazareth.
Other Uses for Endowment
Endowment also supports the library, special book funds, and other faculty and student resources.
Make A Gift
Fund a scholarship, chair, or other designated need. Or, elect to give important unrestricted dollars. View opportunities.