The Hendrix College Endowment: Providing for Today and Tomorrow
The Hendrix College endowment provides critical financial resources to fund student scholarships, as well as specific programs and initiatives that allow Hendrix to offer a robust liberal arts experience. Endowed funds are invested at the time they are gifted and grow over time, earning additional revenue in perpetuity. These permanent funds enhance the College's mission by:
- Helping Hendrix remain affordable and accessible through generous scholarships funds.
- Providing annual income to supplement and enhance departmental and program budgets.
- Contributing to the College's overall financial strength with guaranteed annual income, even during difficult economic times.
Donor Options and Opportunities
Endowment gifts offer donors the unique opportunity to support specific programs, academic areas, or campus priorities that are important to them or their loved ones. Endowed gifts are often some of the most meaningful for donors because they know their gift will impact the College and its students for generations. Likewise, the dependability of this income is critical to Hendrix.
Donors can establish endowed funds through outright or planned gifts, or they can add to endowed funds already in existence. When establishing new funds, the donor will work with the College to name the fund and make agreements as to the fund's use. There are numerous ways Hendrix alumni and friends can support the College through endowed giving.
Endowed Scholarships Support Student Excellence.
There are more than 230 existing endowed scholarships providing annual assistance to incoming and current students of all socioeconomic backgrounds. New scholarships are created each year, with a minimum gift of $25,000 to establish and name a fund. Certain preferences, such as academic major, may be defined with the new fund. Endowed scholarships can be funded by individuals, families, or groups, and they are often created to honor or memorialize loved ones. Recent examples include:
- Carole Herrick Endowed Scholarship, preference for music major
- James Jennings Endowed Scholarship, preference for students from Arkansas Delta region
- Joyce Hardin Scholarship in Environmental Studies, preference for these majors
Program Endowments Support Experiential Learning.
Hendrix has several program endowments that were created through strategic initiatives to enhance our liberal arts traditions and expand student co-curricular experiences. These established funds support Odyssey Program experiences, help to recruit and retain the best and brightest students, purchase equipment and technology, and resources for students and faculty.
New Odyssey endowed funds are created with gifts of $25,000 or more. Since the program's inception in 2005, Hendrix students and faculty have received more than $4 million for research and other experiential learning projects.
MILLER CENTER FOR VOCATION, ETHICS AND CALLING
This noteworthy program on our campus will benefit from additional outright or planned gifts to support vocational discernment, service opportunities, and spiritual development for students in future years.
WINDGATE MUSEUM OF ART
Gifts to this endowment will fully fund the museum's operations for years to come and allow the museum's programs to remain free of charge.
Endowed Odyssey Professorships Support Teaching Excellence.
Odyssey Professorships recognize our tradition of excellence in liberal arts and celebrate the accomplishments of our distinguished faculty. Professorships are competitive in nature and are awarded for a three-year period. The selected faculty member receives financial support to offer students new opportunities for engaged learning, such as internships, travel, and undergraduate research. These professorships are named and endowed with a gift of $500,000 and they can be established for a specific academic area or for a general purpose. Examples of Odyssey Professorships include:
- James and Emily Bost Odyssey Professorship for Global Awareness
- Margaret Berry Hutton Odyssey Professorship for Christian growth, mission trips
- Morriss and Ann Henry Odyssey Professorship for projects related to the sciences.
Questions? Contact the Office of Development at (501) 450-1223 or firstname.lastname@example.org.