Giving to a permanent endowment fund is an excellent way to ensure that your gifts will continue to provide benefits for the needs of students, faculty and the facilities at McLennan. The McLennan Community College Foundation Endowment Funds are professionally managed, following guidelines developed by the Investment Committee. For information on the current projects at McLennan, please contact MCC Foundation Executive Director Kim Patterson at 254-299-8606.
Through an endowed fund, a donor may name a family, individual or business as a permanent title to a scholarship fund. The corpus of the fund is never spent and only the income is used to fund scholarships. Therefore, the fund remains in perpetuity, funding one or more scholarships each year after being fully endowed. The minimum required to fund an endowed fund is $10,000 for funds initiated through December 1, 2005, $15,000 for funds initiated after January 1, 2006, and $20,000 initiated after October 1, 2014. Funds may be built over a period of time, but it is suggested that an endowed fund be complete within five years of the initial contribution.
The Presidential Scholars Program at McLennan Community College began in 2001. This is a unique program for students to experience much more than a traditional college education. Presidential scholars spend personal time with the college president, perform monthly service projects, receive a full scholarship and have the opportunity to travel.
Donors may choose to endow a Presidential Scholarship in the name of a family, individual or business. The minimum to fund an endowed Presidential Scholarship is $25,000. Funds may be built over a period of time, but it is suggested that an endowed fund be completed within five years of the initial contribution.
To learn more about the Presidential Scholars Program, click here.