Endowment & Naming Opportunities
It is possible for you to arrange for perpetual support for The Washington Center through an endowment gift. For gifts of $25,000 or more, a donor may choose to permanently restrict the funds towards The Washington Center’s endowment. The donated fund is permanently named by the donor.
Endowed funds are responsibly invested and the income earned is used for The Washington Center’s charitable educational purposes. Alternatively, the donor may restrict the resulting interest to a specific use, such as a scholarship fund.
The investment and use of endowed funds is overseen by The Washington Center’s all-volunteer Board of Directors where oversight of the endowment comes under the Vice Chairman of the Board, Christopher K. Norton, retired partner and managing director of Goldman Sachs.
How it Works
Becky and Mike Johnson and their sons Ray and Taylor donated $50,000 to the endowment at The Washington Center. They named the fund The Johnson Family Scholarship for students from Western Pennsylvania where they live. The fund generates $1,000 scholarships for The Washington Center students each year.
Another option you may also be able to create your own “endowment” through a donor-advised fund at your community foundation or through an investment vehicle like a mutual fund family. By working with The Washington Center when you plan a donor-advised fund at a community foundation or investment vehicle, The Washington Center will honor your naming choice just as if you had donated to the endowment at The Washington Center directly. Please contact us for more information when you begin this process.
