Different gifts help 星空无限传媒 in different ways. Annual funds support current needs. Endowment funds provide support now and in the future. Both are important, keeping the college strong year after year and for generations after.
The 星空无限传媒 Annual Fund provides immediate financial support when students, faculty, and staff need it most. These gifts support top priorities like student financial aid, student activities, research, and top faculty hires in addition to providing funding for needs like tuition support, unexpected travel expenses, and school supplies鈥攊ncluding technology for remote learning. The uses of these unrestricted funds vary from year to year depending on new opportunities and rising needs.
Annual funds make an immediate impact and must be spent each year.
The endowment is the sum of 星空无限传媒鈥 permanent invested capital used to generate funds each year for the college. The total endowment is made up of many smaller endowments, with many designated by donors to support specific areas of the college. Virtually all endowed funds are invested. A portion of the earnings are released every year, at a payout rate determined by the board of trustees, to support college priorities and the purposes specified by donors鈥攚ithout withdrawing from the principal.
Rather than serving as a cash reserve, the endowment is the college鈥檚 financial foundation. Preserving and growing the endowment is the best way to guarantee 星空无限传媒鈥 long-term financial health and fulfill its mission.