NAMED ACADEMIC ENDOWMENTS

Named New Endowed Professorship
Named Endowed Professorship
Named Endowed Visiting Scholar Fund
Named Endowed Lectureship
Named Endowed Teaching and Research Fund

Named New Endowed Professorship
Currently requires a minimum funding level of $2,000,000 

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, __________ (insert here: the dollar amount, percentage [%] of estate, or description of property) to create and endow a new Professorship to be known as __________. In accordance with the College’s endowment spending policy, the income therefrom shall be used to support the salary and program costs of a new member of the faculty in the __________ (academic) Department. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein. 

Named Endowed Professorship
Currently requires a minimum funding level of $1,000,000 

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, __________ (insert here: the dollar amount, percentage [%] of estate, or description of property) to endow an existing Professorship to be known as __________. In accordance with the College’s endowment spending policy, the income therefrom shall be used to support the salary and program costs of a current member of the faculty in the __________ (academic) Department. If needed, the expendable income from the endowment can be used to support the financial requirements of the department to which the professor is assigned. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Named Endowed Visiting Scholar Fund
Currently requires a minimum funding level of $500,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) to endow a Visiting Scholar program to be known as __________.  In accordance with the College’s endowment spending policy, the income from this Fund shall be used to host speakers from beyond the campus by supporting the costs of travel, honoraria, publication, advertising, and social activities associated with visiting speakers. Visiting scholars may stay in residence at Occidental for anywhere from a few days to a full term, depending on other sources of funding available. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Named Endowed Lectureship
Currently requires a minimum funding level of $300,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of an Endowed Lectureship Fund to be known as the __________. In accordance with the College’s endowment spending policy, the income from this Fund is to be used to provide funds required to host public lectures and special seminars conducted by notable scholars. Proceeds from the endowment should underwrite the costs of procuring a lecturer including the travel, honoraria, publication, advertising, and social activities associated with lectureship. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Named Endowed Teaching and Research Fund
Currently requires a minimum funding level of $50,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) to endow a Teaching and Research fund to be known as __________.  In accordance with the College’s endowment spending policy, the income from this Fund shall be used to provide a flexible source of funding for faculty development, teaching innovation, and research underwriting. Proceeds from the endowment can be applied towards salary, leave time, support for summer scholarly activities, research and travel allowances, teachers and scholars of high promise. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income shall be used for such other purposes as the Board of Trustees shall deem advisable and in the best in interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

NAMED FACILITY AND PLANT ENDOWMENTS

Named Endowed Campus Enhancement Fund
Named Endowed Faculty Housing Fund
Named Endowed Equipment Fund

Named Endowed Campus Enhancement Fund
Currently requires a minimum funding level of $50,000+

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of an Endowed Campus Enhancement Fund to be known as the __________. In accordance with the College’s endowment spending policy, the income from this Fund is to be used to provide for the beautification and maintenance of the Occidental campus grounds or for the upkeep and refurbishment of campus buildings (or both) as the Board of Trustees of said College shall determine best, to advance the work of the College. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Named Endowed Faculty Housing Fund
Currently requires a minimum funding level of $250,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of an Endowed Faculty Housing Fund to be known as the __________. In accordance with the College’s endowment spending policy, the income from this Fund is to be used to provide Occidental with a marketing tool to recruit high caliber faculty to the College. These funds can be applied to an employee’s total compensation package by providing support to offset or reduce the high costs of either renting or buying housing in the Los Angeles market. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Named Endowed Equipment Fund
Currently requires a minimum funding level of $50,000+

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of an Endowed Equipment Fund to be known as the __________. In accordance with the College’s endowment spending policy, the income from this Fund is to be used to provide a source of ongoing support for the purchase and/or maintenance of laboratory, classroom, or general campus equipment. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

NAMED SCHOLARSHIP ENDOWMENTS

Named Endowed Full Tuition, Room, and Board Scholarship Fund
Named Endowed Full Tuition Scholarship
Named Endowed Scholarship Fund
Named Permanent Student Loan Fund

Named Endowed Full Tuition, Room, and Board Scholarship Fund
Currently requires a minimum funding level of $750,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of an Endowed Scholarship Fund to be known as the __________ Scholarship Fund. In accordance with the College’s endowment spending policy, the income from this Fund shall be used to provide a full tuition, room and board scholarship to deserving students at the College. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Named Endowed Full Tuition Scholarship
Currently requires a minimum funding level of $500,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of an Endowed Scholarship Fund to be known as the __________ Scholarship Fund. In accordance with the College’s endowment spending policy, the income from this Fund is to be used to provide a full tuition scholarship for deserving students at the College. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Named Endowed Scholarship Fund
Currently requires a minimum funding level of $50,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of an Endowed Scholarship Fund to be known as the __________ Scholarship Fund. In accordance with the College’s endowment spending policy, the income from this Fund is to be used to provide financial assistance to meet the educational expenses of deserving students. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Named Permanent Student Loan Fund
Currently requires a minimum funding level of $200,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of a Permanent Student Loan Fund to be known as the __________ Loan Fund. The income from this Fund is to be used to provide revolving loan funds to students in order to provide financial assistance to them and their families to help offset the cost of tuition and other expenses associated with the educational expenses of a full-time student. The College has the authority to set the interest rate and payback methodology on each loan. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

OTHER NAMED ENDOWED FUNDS

Named Endowed President’s Discretionary Fund
Named Endowed Library Funds

Named Endowed President’s Discretionary Fund
Currently requires a minimum funding level of $100,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of an Endowed President’s Discretionary Fund to be known as the  __________. In accordance with the College’s endowment spending policy, the income from this Fund is to be used to provide a source of ongoing support that may be used at the discretion of the President for any legitimate purpose, and to help the institution meet critical needs. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Named Endowed Library Funds
Currently requires a minimum funding level of $50,000

I give to Occidental College, a California non-profit public benefit corporation, located at Los Angeles, California, (insert here: the dollar amount, percentage [%] of estate, or description of property) for the establishment of an Endowed Library Fund to be known as the  __________. In accordance with the College’s endowment spending policy, the income from this Fund is to be used for library science technology and acquisitions (e.g., subscriptions, books, journals, tapes, videos, recordings, bibliographic services, and/or small equipment) for the Mary Norton Clapp Library; and to provide ongoing support for the continuous upgrading and maintenance of Occidental’s library. If it should be found that all or part of the income from this Fund is no longer needed for the purposes stated, then such income may be used for such other purposes as the Board of Trustees shall deem advisable and in the best interests of OCCIDENTAL COLLEGE, giving consideration to my special interest as evidenced by the purposes designated herein.

Occidental College’s Legal Entity is:

OCCIDENTAL COLLEGE, A California non-profit public benefit corporation, located at Los Angeles, California

   

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This information is provided with the understanding that Occidental College is not engaged in rendering legal, accounting, or other professional advice and assumes no liability whatsoever in connection with its use.  Because tax laws are constantly changing and are subject to differing interpretations, we urge you to consult your tax and financial advisors before acting on the information contained herein.

 

Last updated:01/23/08