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Endowed gifts

Young Harris College’s endowment generates a steady stream of income in perpetuity that sustains its operations and activities. These funds are an irreplaceable source of stability, and their growth is critical to the ongoing success and financial well-being of YHC.

About endowment funds

Endowed funds can be unrestricted, providing a resource that can be used to meet current college priorities and exciting new opportunities as they arise, or they can be designated for specific purposes, such as scholarships, professorships and chairs, academic programs, or facility and grounds maintenance.

Donors who choose to create an endowment have an opportunity to support Young Harris College both during their lifetime and for generations to come. Many choose to establish an endowed fund to honor a loved one or to memorialize an important figure in their life, ensuring that their name and generosity will forever be a guiding force in YHC’s success.

How endowments work

Your initial investment is placed in the College’s endowment fund, which is managed for maximum return, and can be made in one lump sum or in increments over a pre-determined period of time. The initial gift is invested, and a portion (typically about 5%) of the fund’s market value is awarded annually for the purpose designated by the benefactor. Using only the yield on investment ensures the perpetuity of the original gift.

You may designate your endowment gift as unrestricted support or establish guidelines for how your gift to an endowed fund may be used. For example, scholarship guidelines may include students with a demonstrated financial need, a certain minimum grade point average or even those from a specific geographic location.

For more information about endowed giving, contact the Office of Advancement at (706) 379-5173.