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An endowment gift to St. Olaf College today provides a brighter picture for our future. When you make a contribution to an endowed fund, you give a gift with both immediate and long-term benefits.
Contributions made through endowed funds are invested. A portion of the annual income from the investment is used to address immediate needs at St. Olaf. The remaining funds are reinvested to ensure indefinite support.
Gifts of $50,000 or more can be used to establish named funds that provide enduring support for unrestricted scholarships. Gifts of $100,000 or more establish named funds that can be dedicated for specific scholarships, programs, and initiatives. All endowed funds are invested and managed and provide lasting support that grows over time.
Longtime St. Olaf College supporters Rae and Carol have two goals: First, they want to make sure St. Olaf continues to receive support after they're gone. Second, they want to memorialize Carol's parents, Mr. and Mrs. Jones.
Rae and Carol make a $50,000 gift to St. Olaf, which we invest, and each year, a portion of the income from the invested money will be used to support our mission and Oles in honor of the Joneses. Plus, Rae and Carol qualify for a federal income tax charitable deduction on their taxes.
Legal name: St. Olaf College
Address: 1520 St. Olaf Avenue
Northfield, MN 55057
Federal tax ID number: 41-0693979
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