Many educational institutions depend on endowments as a permanent source of predictable revenue. One of the key goals of the Forever CBA campaign is to add $6,000,000 to our institutional endowment (currently $26,000,000).
This not only puts CBA on par with peers and competitors, but also helps secure CBA’s mission. With a robust endowment, CBA will continue to be in a position where institutional values and priorities—rather than external pressures—guide decision-making.
What’s an Endowment?
An endowment is a pool of charitable gifts that is permanently invested and earns interest and income. A portion of the earnings is spent each year according to the donor’s intentions, while extra earnings are re-invested so the fund grows over time.
Endowment funds can underwrite everything from scholarships to programs to infrastructure, while keeping tuition within reach of deserving students and their families.