EFSC Foundation 2018-19 Foundation Annual Report | Page 7

GIFTS TO THE FOUNDATION
Corporations
$211,272
Gifts in Kind
$118,922
Individuals/Clubs/Organizations
$106,453
Foundations/Grants
$104,133
Grand Total: $540,780
TOTAL RESTRICTED ENDOWED FUNDS
Endowed Scholarships Total Restricted Funds
$10,369,268
College Program Support (Simpkins Series/Art)
$773,891
Endowed Faculty Chairs
$547,325
Grand Total: $11,690,484
Individuals/
Clubs/
Organizations
20%
Gifts in Kind
22%
Endowed
Scholarships total
restricted funds
88%
Foundations/
Grants
19%
College Program
Support
7%
Corporations
39%
Endowed
Faculty Chairs
5%
WHAT IS AN ENDOWED SCHOLARSHIP?
An endowed scholarship is the donation of money to a foundation for the ongoing support
of a scholarship. The EFSC Foundation invests the endowed capital, and only the interest
generated is used to issue scholarships (per the donor’s instructions). Therefore, the
capital or corpus is never touched, ensuring that the donor’s gift is a permanent source of
funding for ongoing scholarship support. It’s a gift that keeps on giving.
EMPLOYEE GIVING
Employees gave 1,837 gifts totaling $12,745.32
Our Employees Care!
LARGEST CORPORATE GIFT: $50,000 from an anonymous donor
Garrett
“ I feel honored and humbled to be chosen
as the recipient of a scholarship. It
will make a huge difference in my ability
to attend school while trying to remain
debt free.”
Find out more at easternflorida.edu/foundation
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