Endowments provide a permanent, lasting impact to Ferrum College and are vital to the financial stability of the institution. These funds enhance financial aid, academic programs and capital maintenance by augmenting traditional funding sources for the College operating budget.
Gifts to the endowment are invested into a pooled endowment fund and earn interest on the principal amount. They are self-sustaining investments in the College in perpetuity. The annual payout from the investment income of 3-5% of the fair market value is used to support donors’ designated purposes. Donors can support existing endowments or establish new endowments. Semi-annual reports are sent to donors to apprise them of the status of their investment in Ferrum College and the resulting benefit to students.
Ferrum College recognizes all of our endowment donors with membership in the Beckham Society and celebrates those donors at an annual stewardship event.