Endowment Funds
Endowments are established as a gift of perpetuity to continuously grant scholarships for students and/or provide for faculty and program needs. Endowment funds use investment earnings to fund scholarships; the principle is not used for funding purposes. The minimum required amount to establish an endowment is $25,000. For more information about endowments, please contact the Peninsula College Foundation at (360) 417-6535.
Funds from endowment investments are dispersed in accordance with the Peninsula College Foundation's Investment Policy. Because only interest earnings from the endowment investments can be used, scholarships, equipment, faculty needs, etc. dispursement is based on availability.
The following endowment funds are curently being used to fund scholarships and faculty and program needs.
The E. John and Helen Maier President's Scholarship Endowment funds the E. John and Helen Maier President’s Scholarship, awarded by the President of Peninsula College, to a qualified applicant from a diverse background with the potential of becoming a role model in education and leadership. The scholarship is awarded annually, based on funds availability, in the amount of $1,000.
The Frances and Gunnar Fagerlund Scholarship Endowment funds the English Studies Scholarship, awarded to a qualified applicant who plans to enroll in sophomore-year studies at Peninsula College. The scholarship is designed to encourage students to become college- or university-level teachers of English and to recognize the value of literary study. The total amount of the scholarship is based on funds availability for the academic year, to be awarded in the fall, winter, and spring quarters in the year in which a student qualifies.
The Helen Farrington Endowment for Nursing makes available funds for special needs of the Peninsula College Nursing Program. Criteria for donor-award distribution is established by the chair of the Nursing Department.
The Humanities Endowment in memory of Cyril F. McFrederick funds enrichment of teaching in the Humanities through activities such as, but not limited to:
- Learning Community classes involving two or more disciplines
- Study-Travel student scholarships
- Teachers Talking with Teachers conferences (Elementary, Secondary, Post secondary) within disciplines
- Humanities student scholarships
- Faculty professional development
The Frances “Jo” Leary Nursing Endowment funds the Frances “Jo” Leary Nursing Scholarship, which is awarded to students in the college’s nursing program. Frances Leary, a retired nurse, wanted to make it easier for students to pursue nursing careers by providing some type of financial assistance that would let them complete their educations. She established this scholarship with the guidance that preference be given to nontraditional students, such as single parents and physically challenged individuals, who can qualify for the demands of a nursing career.
The McCarter Nursing Endowment is used for a number of nursing program needs including purchasing equipment, developing curriculum, improving teaching facilities, and student scholarships.
The Exceptional Faculty Awards Endowment was established by the Washington State Legislature in 1990 by providing matching funds to assist colleges in creating an endowed trust fund for outstanding faculty awards. Faculty members may apply for funding consistent with the application guidelines for activities that will have a significant impact on the faculty grantee(s) and/or their colleagues in their professional capacity at the college. Preference is given to applicants who have demonstrated excellence in their field over time, including:
- Exceptional service to a program or discipline
- Dedication, knowledge, expertise or exceptional achievement in a program or discipline, or an academic or professional specialty
- Superior service in classroom or counseling duties
- Outstanding leadership in service to the college