At Concordia Lutheran Schools of Omaha, making an endowed gift is one of the most powerful ways to have a lasting impact. Endowment gifts support students, faculty, and programs, driving progress for centuries to come.
What is an endowment gift?
An endowment gift is a donation that is given with the intent to preserve the original value of the gift, and to grow it over time as part of a larger endowment fund.
What is an endowment gift's lasting impact?
Endowed gifts provide a stable income stream to ensure Concordia's continued excellence to ensure our students are "Faith Secure, World Ready, Kingdom Leaders." These gifts help Concordia do what we have done for more than 20 years-but better and with more impact. Countless students benefit from endowed scholarships-enabling them to come to Concordia and later make an impact in the Church and World.
Every endowment gift can have a lasting and growing effect on Concordia. For example, in 2000, a gift of $100,000 to establish an endowed fund for financial aid would have a value of over $200,000 today. The annual distribution from the gift would have been approximately $5,000 in 2000 and would have grown to $10,000 by 2020. This gift's impact would continue to grow and achieve the donor's vision for increasing access to a Concordia education.
Who manages Concordia's endowment?
The Concordia School Board of Directors created a Foundation with its own Board of Directors. This Board created an Investment Committee which engages independent investment advisors and appoints committee members, who are experienced in asset management, to manage the assets of the endowment.
How is Concordia's endowment doing?
Due to the generosity of donors and strategic investment management, the endowment continues to grow. The total value of Concordia's endowment as of June 2020 was $2.4 million. Concordia produced an average annual return of almost 10% on its endowment portfolio for the last three years.
For more information, please contact:
Rob Cooksey 402-455-4000 cookseyr@concordiaomaha.org
What Is an Endowment Fund?
An endowment fund is generally comprised of money or assets donated to an institution which uses the resulting investment income for a specific purpose such as school operations, sustainability, and student scholarships. Endowments are designed to keep the principal amount intact while using the investment income for needs of the institution.