If you believe in the mission of Cottey College, if a Cottey education made a difference in your life or in the life of someone you know, you can help the next generation of students through your support of the College. There are many ways to assist talented and deserving young women to achieve their goal of becoming a Cottey College graduate.
Your gift, every year. Gifts to the Annual Fund supplement Cottey’s annual operating budget and provide a flexible and instantly available source of funding that can be used when and where it is needed the most. These contributions help cover the cost of financial aid, enhancements to the campus, and the services that Cottey provides at no additional cost to students. These amenities include such things as student wellness programs, tutoring in the writing center, coffee in the library, admission to performances and athletic events, music lessons, and technical assistance from Cottey’s IT staff. Gifts to the Annual Fund impact all students, faculty, and staff.
Unrestricted gifts provide a pool of funds that are not designated by donors for specific programs. These gifts allow the College to allocate funds wherever the need is greatest and to take advantage of unique opportunities as they arise. Unrestricted gifts help offset the cost of financial aid, equipment, facilities, new academic programs and other expenses associated with a quality education . Unrestricted gifts are so vital to Cottey College that they are often described as the greatest gifts donors can make.
Designated and Restricted Gifts
Gifts may also be designated to a specific program, group, or priority area at Cottey. These gifts allow the donor the satisfaction of supporting a program that has personal significance to him or her. Designated and restricted gifts may be labeled for current use or endowment. Current use gifts provide funds for immediate use, whereas endowment gifts are designed to provide financial security over a longer period of time.
Establishing an endowment is a powerful way to make a lasting gift to Cottey College. They are essentially never-ending donations because only the income earned on the principal is used by the College. This type of gift allows the corpus of the gift to remain intact, thereby ensuring the future strength and viability of the College. Endowments may be established for almost any educational or related purpose at Cottey. They may support faculty chairs, scholarships, leadership and cultural programs or other programs of the donor’s choosing. Earnings on unrestricted endowments help to support the general operations of the College.
Gifts to scholarship funds make it possible for Cottey College to recruit outstanding young women who benefit from an education that is both personal and demanding. Donors may support Cottey’s general scholarship fund through gifts of any size. These awards are distributed annually to students who demonstrate financial need.
There are two ways of establishing a scholarship at Cottey:
- An Endowed Scholarship can be established through an outright gift or through your will or estate plan. The minimum contribution for an endowed scholarship is $10,000. The principal funds are permanently restricted, and the earnings on the principal are used to provide an annual scholarship for a Cottey student, allowing the fund to grow and continue to provide scholarships for future generations of Cottey students.
- A Named Fund Scholarship may be established with a minimum gift of $5,000. Unlike an endowed scholarship, the principal is not invested and all funds are awarded over a pre-determined number of years.
If you wish, eligibility for your scholarship may be limited to students with criteria agreed upon by you and the College, such as demonstrated financial need, a particular course of study, new or upper level students, or participation in arts or athletics. However, more open criteria make scholarships easier to administer and ensure that eligible student(s) can be found each year.
Both endowed and named fund scholarships may be established in your name, your family’s name, the name of your chapter or in honor or in memory of another individual.
At various times the College conducts special campaigns for capital gifts. These funds are used for new construction, major renovations, equipment and other capital improvements to campus. Gifts designated for capital purposes may be made at any time, even when a campaign is not in progress.
The Wish List
At the request of guests at 2017 Founder’s Day, Cottey introduced the “Wish List.” This list contains items that faculty or staff would like for their programs that cannot be funded out of the operating budget. Through the response of donors to the Wish List, we were able to provide the art department with a plaster bust for drawing and painting classes, a case of K-cups for the library, a variety of equipment for the science lab, and new equipment for Cottey’s wellness and athletic programs; even the physical plant received some desired gauges and tools. The Wish List is updated on a regular basis, so if you are looking for some giving opportunities at a variety of gift levels, please contact the Office of Institutional Advancement.
When Virginia Alice Cottey served as president, students and alumnae celebrated her birthday with gifts and cake. Early on, the founder asked the students to eliminate the celebration centered on her personally and instead to contribute to the College. Alumnae have been doing so ever since with six active endowed funds to which they contribute. Many classes have chosen to establish Class Funds for scholarships, library support, leadership programs, or faculty professional development.