Endowment Guidelines

Giving to a permanent endowment fund is an excellent way to ensure that your gifts will continue to provide benefits for the needs of students, faculty, and the facilities at McLennan. The McLennan Community College Foundation Endowment Funds are professionally managed, following guidelines developed by the Investment Committee. For information on current projects at McLennan, please contact MCC Foundation Executive Director Chris Qualls at 254-299-8606.

Through an endowed fund, a donor may name a family, individual, or business as a permanent title to a scholarship fund. The corpus of the fund is never spent — only the income is used to fund scholarships. Because of this, the fund remains in perpetuity, funding one or more scholarships each year once it is fully endowed. The minimum required to establish an endowed fund is $10,000 for funds initiated through December 1, 2005; $15,000 for funds initiated after January 1, 2006; and $20,000 for funds initiated after October 1, 2014. Funds may be built over time, but it is suggested that an endowed fund be completed within five years of the initial contribution.

Presidential Scholarships

The Presidential Scholars Program at McLennan Community College began in 2001. This unique program allows students to experience much more than a traditional college education. Presidential Scholars spend personal time with the college president, complete monthly service projects, receive a full scholarship, and have the opportunity to travel.

Donors may choose to endow a Presidential Scholarship in the name of a family, individual, or business. The minimum to fund an endowed Presidential Scholarship is $25,000. Funds may be built over time, but it is suggested that an endowed fund be completed within five years of the initial contribution.

Learn more about the Presidential Scholars Program.

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