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Generally, capital gifts are contributions of $100,00 or more made for special programs and physical facilities, endowed funds, or deferred gifts and bequests.

Unrestricted and Restricted Gifts
If your gift is unrestricted, the college can apply the funds where they are most needed, based on the assessment of trustees, faculty, and administrative staff. Each year, unrestricted gifts allow the college to fund new and innovative programs, such as Smith’s universal internship program. An unrestricted gift might fund an academic chair that can be directed toward an emerging area of study or endow a program that must expand to serve more students.

Restricted gifts allow the college to fund long-range needs while satisfying a particular donor interest. For example, named gifts may endow scholarships, academic chairs, or scientific research. Restricted gifts may also fund additions to Smith’s physical plant, such as building the new campus center, or improving the fine arts center or science labs.

Endowed Funds
An endowed fund has a continuing impact on the life of the college. Endowed funds may be created to support scholarships, internships, faculty salaries, a music performance series, purchase of print or digital resources for the libraries, scientific equipment, or a host of other purposes.

The college carefully invests endowment to achieve a healthy rate of return that provides for current needs and long-term growth.

Smith provides all donors with periodic updates on the status and uses of endowed funds.

Planned Gifts and Bequests
A planned gift can fulfill a long-desired philanthropic interest and may also allow you to increase income, save taxes, and make a gift that might not otherwise be possible. Smith encourages you to contact your financial advisors and Smith’s Office of Advancement, Planned Gifts and Bequests, for specific and individualized information.