An endowment is a permanent fund, often named for the donor or another individual. Distributions from an endowment support the purpose or program chosen by the donor. Endowments are a long-term investment in the college that provide benefits to students and faculty year after year, generation after generation, because the gift principle is invested while only part of the income is spent.

Creating an Annual Scholarship
Scholarships may carry the name of an individual or organization with a minimum contribution of $2,500. The funds are awarded in full within one year. Scholarships may be “restricted” to a specific program or “unrestricted” for any course of study at ACC. The criteria are developed by the donor and the ACC Foundation. Please contact the Foundation office for further information

Creating an Endowment
Currently, the Foundation has 31 endowed scholarships ranging from $15,000 to over $100,000 serving various programs and populations at ACC. An endowed scholarship is perpetual. The principle remains intact and only the interest is awarded. The scholarships may be “restricted” to a specific program or “unrestricted” for any course of study at ACC. There is a naming opportunity associated with an endowed scholarship with a minimum amount of $15,000. After the endowment level is reached, the scholarships are awarded annually carrying the name of the company or individual. Additional gifts can continue to be contributed to the endowment, which enables additional scholarships to be given out. Please contact the Foundation office for further information