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Invest in Our Future

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Endowed Gifts

You have the power to help safeguard the future of Hood College. How? By making an endowed gift. Your gift is an investment in our future, helping us grow and thrive for years to come.

Help Hood Secure a Bright Future
Your gift to Hood's endowment helps the College ensure Hood's academic and financial strength forever. Endowment gifts can help the College in virtually every aspect of its mission.

What Endowment Really Is

  • Hood's endowment is its financial foundation, its security.
  • Endowment is an institution's invested capital that generates funds to be used, in perpetuity, to support the institution.
  • Margaret Scholl Hood's gift of $40,000 helped to form Hood College's initial endowment. A portion of those funds continue to support the College today.
  • Over the years, thousands of donors have added to the original endowment to provide permanent support for faculty, scholarships, academic programs, the library and sports teams, to name just a few.
  • Most of Hood's endowment funds are invested in a balanced blend of high-quality, readily marketable stocks, bonds and other assets.
  • Each year Hood College spends part of the endowment earnings on current operations and on the purposes designated by donors. The amount to be spent, called the payout rate, is set by the Board of Trustees to secure maximum purchasing power of the endowment.
  • Hood College avoids dipping into the principal of the endowment unless required to meet critical needs of the College that cannot be funded from current operations.

What Endowment Does

  • Hood's main sources of income are tuition, federal and state support, gifts and endowment.
  • Unrestricted endowment earnings support the general operating budget. Other endowment funds support scholarships, book funds, professorships or programs, as specified by the donors.
  • Today's students benefit from the endowment gifts of previous generations. Tomorrow's Hood is being created by today's endowment gifts.

Minimum Endowment Gift Levels
Effective June 2012, the Hood College Board of Trustees approved the following minimum gift levels that will provide enough earnings each year to fund the areas listed. Hood's development professionals will work with you to understand your desires and discuss funding options, which may include multi-year pledges and deferred gifts.

Endowed Faculty Chair (supports the salary and fringe benefits of a senior member of the Hood College faculty) $2,000,000
Named Lectureship or Fellowship (provides partial support for a junior or part-time faculty member or for a visiting artist or scholar) $500,000
Faculty Development Fund (supports travel, research and education costs for a specific department or for the faculty in general) $100,000
Endowed Scholarship Fund (to provide support for students) $50,000
Named Prize (awarded to an outstanding student or faculty member) $25,000
eBrochure Request Form

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Learn How to Fund It

You can create an endowed gift using the following assets:

  1. Seek the advice of your financial or legal advisor.
  2. Contact Jaime E. Cacciola '04 at 301-696-3828 or 1-800-707-5280, option 7 or cacciola@hood.edu to discuss endowed gifts.
  3. If you include Hood College in your plans, please use our legal name and Federal Tax ID.

Legal Name: Hood College
Address: Frederick, MD
Federal Tax ID Number: 52-059-1608

Ready to start paying it forward? View and download your FREE copy of Endowments: A Gift That Lasts Forever.

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Ensure Your Future Is Secure.

Download our FREE Personal Estate Planning Kit

A charitable bequest is one or two sentences in your will or living trust that leave to Hood College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Hood College, a nonprofit corporation currently located at Frederick, MD, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Hood or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Hood as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Hood as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Hood where you agree to make a gift to Hood and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.