The NJC Endowment
The NJC Endowment represents money or other financial assets that have been donated to the College to provide a permanent, self-sustaining source of funding.
Endowment assets are invested and each year, a portion of the value of the fund is paid out to support the College, and any earnings in excess of this pay out are used to build the fund’s market value. In this way, an endowment fund can grow and provide support for its designated purpose in perpetuity. Endowment income is used to underwrite College operating expenses (general Support), faculty development, academic programs and scholarships.
How is the NJC Endowment managed?
The Board Committee on Finance/Audit has the responsibility, subject to the Board of Trustees’ approval, to guide the investment of the College’s assets.
The College’s endowment has a spending policy not to exceed 6.0% of assets, based on a five-year rolling average. The Board of Trustees appropriates amounts as part of the annual budget.
What are the funds used for?
The endowment funds are used to underwrite College operating expenses, the development of new courses, academic programs and scholarships.
How can I give to the Endowment Fund?
Gifts of any amount may be added to the Endowment through:
- A donation given at any time
- Bequests (a designation in one’s will or living trust)
- Life insurance proceeds
- Assignment of certificates of deposit
- Transfers of property such as cash, stocks, bonds and real estate
- Memorial gifts in the name of a family member or friend
- Beneficiary designation in an IRA or other retirement plan
How can I establish a new endowment in my name, in the name of a loved one or colleague, or for a specific purpose?
A minimum donation of $25,000 is required to establish a permanent named endowment fund at The National Judicial College. Please return the Endowment Establishment Form to the Development Office to get started today! Click here for our mailing address.
The NJC is a 501(c)(3) non-profit educational organization. Tax ID #942427596. Gifts are tax-deductible as provided by law.