An endowment fund contributes revenue to the operating budget of the College every year, forever. Endowment gifts are made to the College with the understanding that the original value of the gift (the principal) will be invested and a portion of the investment earnings (the distribution) will be used to fund the educational mission of the College. Endowment funds are often restricted to a specific purpose by the donor, such as student scholarships, library acquisitions, an endowed professorship for a particular department, or student life enhancements. Other funds are unrestricted and can be used by the College for its current priorities. Gifts of any amount may be made to augment MECA’s endowment. There is a minimum threshold of $50,000 to establish and/or name an endowment fund. Please contact Annie Wadleigh, Assistant Director of Development, at email@example.com or 207-699-5015 for more information.