The Power of Endowed Funds
Endowed gifts exist in perpetuity. The gift is invested, the principal value remains untouched, and an established percentage of the income is distributed annually for Smith’s use. Behind each endowment gift is a personal motivation—to repay a debt of gratitude for the donor’s own education, to honor a loved one or teacher, or to make a positive impact on society.
Endowed professorships, scholarships, academic and research programs and facility funds provide permanent support for our faculty’s teaching and research and for our students’ educational experience. Beyond the specific uses of the income from these funds, however, the endowment is fundamental to the college’s ability to plan for the future and to manage the ups and downs of the economy. As a whole, it provides a steady and significant source of income to support our most critical operations. Investment returns from Smith’s endowment account for roughly one-third of the college’s annual operating revenue. And, with an Aa1 bond rating from Moody’s Investors Service, Smith remains in a strong financial position.
Smith has more than 2,200 endowed funds supporting:
- student internships
- student-faculty research
- and more
Opposition to the Tax Cuts and Jobs Act
Smith College has been vocal about its opposition to the Tax Cuts and Jobs Act that became law on December 22, 2017. You can read President McCartney's letter to the community and article in the Wall Street Journal.
Endowment Activity, July 1, 2017 – June 30, 2018
|Smith’s endowment as of June 30, 2018||$1.9 billion|
|Total endowment return for the fiscal year||9.5 percent|
|Endowment per student||$623,000|
|Operating revenue funded by investment and endowment income||39 percent|
Opportunities for establishing endowed funds begin at $150,000. Donors receive annual reports on their endowed fund’s performance. You can learn more about these opportunities here or by contacting Betsy Carpenter ’93, director of development, at firstname.lastname@example.org or 413-585-2052.