Foundation

Funding Priorities

Futures Fund Overview

The Futures Fund is being created to improve the foundation's capacity to meet the short-term and long-term needs of the college. Our goal is to build the Future's Fund over the next few years as we continue our fundraising and outreach efforts on behalf of Minnesota State College Southeast. The plan is to build a restricted endowment that will be invested into a diversified portfolio designed to protect the principal in perpetuity. Each year the foundation may utilize the interest earned from the investment to meet high priority needs of the college. In special cases, the foundation may withdraw funds from the principle to fund emergency projects or needs. 

The components of the Futures Fund will consist of the following:

Scholarship Program: The majority of the money raised for the Futures Fund will be used to provide scholarship support for our students. 

New Initiatives: Because the college is focused on creating new initiatives for our students on both of our campuses, the Futures Fund hopes to support these initiatives by allocating a portion of the dollars raised toward this effort. 

Capital Needs: Capital projects will continue to be in need of funding at the college. As enrollment grows, there will continue to be a need for new and renovated space. A portion of the Futures Fund will be set aside to support small capital projects at our college. 

Currently, the MSC Southeast Foundation's endowment is more than $1.3 million. Many donors create endowments to leave a legacy that will continue benefiting MSC Southeast students, the college, and the community for years to come. The basic concept behind an endowment is that a percentage of the interest earned from the principal investment is utilized to support the intended purpose of the endowment with the remaining interest being reinvested in the fund. Endowments are often times referred to as the "gifts that keep on giving." 

 


© 2016 Minnesota State College Southeast

RED WING CAMPUS | 308 Pioneer Road | Red Wing, MN 55066 | 651-385-6300
WINONA CAMPUS | 1250 Homer Road | Winona, MN 55987 | 507-453-2700

Minnesota State College Southeast is an affirmative action/equal opportunity educator and employer. ADA accessible. MSC Southeast is committed to a policy of nondiscrimination in employment and education opportunity. No person shall be discriminated against in the terms and conditions of employment, personnel practices, or access to and participation in, programs, services, and activities with regard to race, sex, color, creed, religion, age, national origin, disability, marital status, status with regard to public assistance, or sexual orientation. In addition, discrimination in employment base on membership or activity in a local commission as defined by law is prohibited.

 

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