Endowment Funding
An Endowment is a fund that retains its capital and uses only the investment income earned to support a variety of activities in keeping with the mission of an institution. These kinds of donations have a long-term impact since it is spread over a long period of time, unlike expandable donations which are used immediately and have an impact over a set period of time, according to the size of the gift and how swiftly it is dispersed.
KCA University Foundation has a policy guideline for the management, investment, and distribution of endowment funds to support needy, bright, and deserving students realize their career objectives. KCA University, therefore, wishes to ensure that all students have equal access to education by supporting vulnerable and needy students, so far, the University has partnered with three key organizations and still reaching out to more in its quest to support this program.
Sustainability of our education model and assurance to our current and future students becomes eminent through the endowment to KCA University hence allowing the provision of scholarships.
A gift of KES 10 Million ($100,000) will establish a named endowed fund that will exist in perpetuity to provide financial aid to a qualifying undergraduate every four years.
We offer various categories of endowment funding with minimum donations set below;
- Unrestricted endowments – can be spent, saved, invested, and distributed at the discretion of the University (Any amount up to KES 0.5 Million or $5,000);
- Term endowments – usually stipulate that only after a period of time or a certain event can the principal be expended as agreed with the donor (Up to KES 2 Million or $20,000);
- Quasi endowments – is a donations by an individual or institution, given with the intent of having that fund serve a specific purpose. The principal is typically retained while the earnings are expended or distributed per specifications of the donor (Up to KES 5 Million or $50,000);
- Restricted endowments – have their principal held in perpetuity, while the earnings from the invested assets are expended per the donor’s specification (Over KES 10 Million or $100,000);
KCA University, therefore, encourages potential donors/partners to consider endowment as a long-term engagement option with the benefits of setting specific terms and profound joint marketing.