Establish an Endowed Scholarship Fund

An endowed scholarship is a significant and important contribution to the College for it provides scholarship assistance to Le Moyne students…forever!

Endowment earnings are prudently managed by Le Moyne College’s investment Committee and can weather market volatility based upon a strategic long-term spending policy. The endowment earnings are reinvested into your named fund which allows the principal to grow and student awards to increase continually.

A minimum pledge of $50,000 is required, payable over five years, to establish an endowed fund.Once endowments are fully funded they will be awarded the next academic year.Le Moyne College has established 165 named endowed scholarship funds with over 460 awards given in 2014-15.

Donors who wish to establish an Endowed Scholarship with the College can work with a member of the Institutional Advancement team on their scholarship agreement, determining pledge and payment terms, name of the scholarship and preference for the student who should receive the award.  

Donors can outline award preferences that are meaningful to them and reflective of their original intent in establishing the fund. Le Moyne College distributes endowed scholarship awards annually through its Office of Financial Aid selecting students based upon financial need and the criteria established by those friends and alumni who have created the scholarship fund.

A list of the current endowed scholarships is available through this link

Establish a Magis Scholarship

A Magis scholarship is an expendable scholarship which means that it is not invested in the endowment but immediately used for student support.

To establish a named Magis Scholarship, for instance “The Smith Family Magis Scholarship,” requires a minimum gift of $5,000 per year for five years. Once the gift is received, the College immediately awards the Magis scholarship to a Le Moyne student who meets the criteria established by the donors.

In addition, the College will apprise the donor(s) each year with information about the student who received the particular Magis scholarship that they created.

The Jesuit phrase Magis means “the more,” and the roots of the phrase are ascribed to St. Ignatius’ exercise of doing more for God.

Other Giving Opportunities

Endowment Gifts

Le Moyne is ever grateful for the transformational 2008 McDevitt bequest of $50 million dollars, the largest single gift in the history of the college and one of the largest ever for a Jesuit institution. Gifts of that magnitude impact the College essentially and affirm Le Moyne’s excellence as a College and the value of the Jesuit education that it provides its students. 

The McDevitt gift was clearly unique in magnitude, yet the College is fortunate that many alumni and friends wish to create a legacy, something that is named and tangible but will last the life of Le Moyne and the College has many options for those donors. Some examples include deanships,  professorships, fellowship funds and lectureships.

Naming Opportunities

Class Act Program

Maybe it’s the place where you first heard Shakespeare read out loud, met your spouse, cracked the code of calculus, or finally questioned a long-held belief. Perhaps you have not seen it in 60 years, or maybe you pass by it every day. Without a doubt, though, it exists. For all Le Moyne graduates, there is a surely a place on the Heights that is forever etched into their memory, a place that is so special to them that they think of it as uniquely “theirs.”

A gift of $50,000 or more allows you to choose a classroom, lab or lounge on campus that was important to you and to name that place for a significant period of time.  It is a way to have lasting impact on current students, even when you are miles away. It allows the College the flexibility to use your gift where their current priorities necessitate; primarily student financial support and instruction.

Naming Trees and Memorials

The planting of a tree on Le Moyne's campus can serve as a living memorial, or as recognition of the impact a classmate, faculty member, loved one, or friend has made on your life. To learn more about recognition trees and benches, contact Kate Cogswell.