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A healthy endowment is critical for the
future of the arts at NC State. While revenues fluctuate over time
because of changes in enrollment, private and public support, an
endowment provides stability and encourages innovation and flexibility.
What is an endowment?
Named endowments can be created with a minimum gift
of $15,000 and can honor or memorialize loved ones while supporting
arts initiatives. Endowments can be unrestricted in nature or support
specific programs, facilities and students.
Donors can also contribute to the more than twenty
endowments currently established, representing a variety of needs
and purposes:
- ABB Inc Arts Outreach Endowment:
created by ABB of NC State’s Centennial Campus, this fund
supports initiatives that engage outreach efforts such as Center
Stage’s School Matinee Series.
- ARTS NC STATE Endowment: provides
unrestricted support for the six visual and performing arts programs.
- ARTS NC STATE Board Endowment:
Created by members of the founding board, this endowment provides
unrestricted support for the overall arts programs.
- ITG Norma Ausley Memorial Endowment:
provides scholarship for music students with a demonstrated financial
need.
- Raymond A. Bryan Jr. Jazz Endowment:
provides unrestricted support for the jazz ensembles within NC
State Department of Music.
- Center Stage Endowment: provides
unrestricted support for Center Stage program.
- Dr. Eloise A. Cofer Endowment:
Named for a former NC STATE faculty member and longtime friend
of the arts, this endowment provides unrestricted support for
the visual and performing arts programs.
- Curtis R. Craver, Jr. Clarinet Scholarship:
provides support for a clarinet student within the NC State Department
of Music.
- NC State Dance Program Endowment:
provides unrestricted support for the Dance Program.
- Annabelle Lundy Fetterman Symphony Concertmaster
Endowment: named for founding FANS board member, this
endowment provides support for the position of concertmaster with
the Raleigh Civic Symphony & Chamber Orchestra, an integral
program within the NC State Department of Music.
- Friends of the Gallery Endowment:
provides unrestricted funds for the Gallery of Art & Design.
- John N. and Nancy C. Gregg Gallery Endowment:
named in memory of former NC State trustee John Gregg, and in
honor of his wife Nancy, this endowment provides unrestricted
support in the area of textiles for the Gallery of Art & Design.
- Glenn S. Harman & Kay Crawford Johnson
Double-Reed Annual Scholarship Endowment: named in honor
of two alumni, this fund provides support for a student participating
in wind-ensemble within the NC State Department of Music.
- Glenn S. Harman & Miriam Bailey Double-Reed
Annual Scholarship Endowment: named in honor of two alumni,
this fund provides support for a student participating as a piano
accompanist within the NC State Department of Music.
- The Lattice Endowment for the Performing
Arts: this unrestricted endowment provides support for
the performing arts programs – Center State, Dance Program,
University Theatre and the Department of Music.
- Jim Marchman Marching Band Scholarship
Endowment: created by and NC State alumnae, this fund
provides support for an engineering student active in the NC State
Athletic Bands.
- Toni Christine Masini Memorial Scholarship:
Named in memory of a beloved alumna, the scholarship provides
support for a student participating the NC State’s Marching
Band.
- John C. McIlwee Theatre Endowment:
named in honor of University Theatre’s Director, this unrestricted
endowment was created by founding FANS board member Joanne Dickinson
and provides support for Theatrefest, University Theatre’s
summer rolling repertory program.
- NC State Athletic Bands Endowment:
this endowment provides donors with the opportunity to adopt a
position within our Marching Band while providing unrestricted
funds for the overall athletic bands program.
- Brita M. Tate Memorial Endowment:
named in memory of a beloved friend of the arts, this fund provides
unrestricted support for NC State’s Crafts Center.
- NC State Theatre Endowment: created
by the founding members of the Theatre Endowment Board, this unrestricted
fund supports University Theatre and Center Stage programs.
- Barbara G. & Hayne Palmour III Gallery
Endowment: created by founding FANS board member Hayne
Palmour, this fund provides funds to purchase ceramics for the
Gallery of Art & Design’s permanent collection.
- Kimberly Titmus Przybyl Music Endowment:
named for an NC State alumna and FANS board member, this endowment
provides unrestricted support for NC State’s Department
of Music.
- Lew & Billie Rentel Gallery Enhancement
Endowment: Created by FANS board member Lew Rentel and
his wife Billie, this charitable remainder trust will provide
unrestricted support for the Gallery of Art & Design.
- Alby Rose Marching Band Scholarship Endowment:
Created by FANS board member Diane Howard in honor of her grandson
Alby, this scholarship provides support for a member of the NC
State Marching Band.
- Wachovia Endowment for the Visual &
Performing Arts: Created by Wachovia Company, this endowment
was our first and provides unrestricted support for the overall
arts programs.
- Randall & Susan Ward Gallery Endowment:
created by founding FANS board member, Susan Ward and her husband
Randall, this endowment provides unrestricted support for the
Gallery of Art & Design.
- Mary Lib Wood Endowment for the Visual
& Performing Arts: created in honor of her mother
by Jane and Eddie Youngblood, this endowment provides unrestricted
support for the overall arts program.
WHAT IS AN ENDOWMENT?
An endowment is an aggregation of assets invested
by a college or university to support its educational mission in
perpetuity. An endowment allows donors to transfe their private
dollars to public purposes with the assurance that their gifts will
serve these purposes for as long as the institution continues to
exist.
An endowment represents a compact between a
donor and an institution. It links past, current and future generations.
It allows an institution to make commitments far into the future,
knowing that resources to meet those commitments will continue to
be available.
Endowments serve institutions and the public
by providing stability and leveraging other sources of revenue.
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