Why does William & Mary need private funds? Isn't it a state school?
Yes, William & Mary is a state school, but receives less than 20 percent of its operating budget from the Commonwealth of Virginia. Private funds are critical to maintaining the present and future excellence of the College.
What was The Campaign for William & Mary?
The Campaign for William & Mary was a historic half-billion-dollar fundraising effort aimed at securing funds to ensure the future vitality of William & Mary. Funds support student scholarships, professorships, building construction and renovations, and athletic programs. The Campaign began in 2000 and concluded in 2007, raising $517.5 million.
What is an individual endowment?
An endowment is an account established with a minimum of $50,000, except an endowment for library acquisitions, which can be established at a minimum level of $25,000. This account will generate interest income in perpetuity to provide financial support for the area of the donor's choosing. Currently, endowments support a number of areas, including scholarships, professorships, book funds, study abroad and visiting scholars. The principal of the endowment is never spent, thus ensuring that a donor's generosity will continue throughout the life of the College.
How can I set up a scholarship?
A scholarship for student financial aid or athletics can be established with a $50,000 endowment. A scholarship can be named in honor of a family member, a beloved professor, or other individual or group.
Is the College a good steward of its resources?
The College of William and Mary has consistently ranked as one of the most efficient universities in the nation in terms of the use of resources. In 2007, U.S News & World Report ranked the College second in the nation for efficient use of resources. Over market cycles of five and 10 years in investment performance, The College of William & Mary Foundation's Pooled Investments portfolio ranks in the top third of college and university endowments as reported in the 2002 national endowment survey by NACUBO (National Association of College and University Business Officers).