Donors can etch their mark on Randolph-Macon with a gift that creates an endowment fund or supports a building project.
In recognition of this significant support, the college offers the donor a naming opportunity. These gift opportunities may be paid over a period of years convenient to the donor or may be included in a charitable trust, bequest, or other estate plan.
In giving an endowment, a donor creates a permanently invested fund at the College from which only the income is used to underwrite the program specified with the gift.
One of the most pressing needs facing RMC today is in the area of providing sufficient scholarship funds for its students. In most years, the College can only meet 75-80% of the total support needed by families with demonstrated financial needs.
Since its founding in 1830, alumni, parents, foundations, and friends have established more than 200 endowed scholarships, thus ensuring the important legacy of an accessible liberal arts education. For almost two centuries, commitment to this legacy has made it possible for thousands of deserving students to seek Randolph-Macon College’s highly-regarded undergraduate degree. In addition to providing financial assistance, scholarships also serve to attract outstanding student scholars from across the nation and around the globe.
Income from an endowed scholarship fund is used to provide financial assistance to a worthy student who meets the criteria established by the donor. Naming endowed scholarships begin with an opportunity of $50,000 or more. The fund may be named in honor of the donor or someone the donor wishes to honor, as in The John C. Smith Scholarship Fund. Scholarships are awarded by the Office of Financial Aid.
The faculty of Randolph-Macon College has earned a reputation as first-rate teacher-scholars. Gifts for faculty development are among the most important contributions which can be made to Randolph-Macon. Permanently endowed chairs and related faculty endowments enable the college to attract, retain, and promote the best and most dedicated faculty. Awards allow us to honor these deserving scholars and mentors.
Some of the specific naming opportunities include:
An endowed position may be established in any of the academic fields of the College and may be named in honor of the donor or someone the donor wishes to honor, as in The John C. Smith Chair of Biology.
Over time, many generous donors have supported programs and initiatives they value with special funds for student experiences, athletics, faculty programs, and more.
Endowed funds start at $25,000.
Randolph-Macon traditionally recognizes those donors whose gifts have made possible new or refurbished facilities on campus.
An office, classroom, lecture hall, or entire facility can carry the name of the donor consistent with the magnitude of his/her gift.
