Types of Gifts
Each donor designates the purpose of his or her gift to Augustana. There are three types of gifts donors may select:
Unrestricted Gifts
- Allow the college to direct the financial resources to areas of greatest need
- Allow the college to address its priorities and new challenges effectively
Designated Gifts
- Donors choose to direct their gifts to areas of special concern for them
- Provide a "margin of excellence" within a particular discipline
Endowment Gifts
- Uniquely capable of having a lasting impact far into the future
- Endowments are maintained permanently
- A portion of the endowment investment return is used as the donor specifies
- The rest is invested so the endowment principal maintains its value over time, and is used to meet the priority needs of the college on an annual basis
- Gifts bear the name of the donor or others whom the donor specifies
- Can be used as a memorial or tribute to a friend or loved one
