Many of the print and graphics scholarships distributed each year by The FGCE are funded by endowments. These are created by companies, associations, other foundations and individual supporters. These funds are accounts set up with a specific purpose in mind. They are structured much like a mutual fund. The recipient organization can make regular withdrawals from the invested capital toward designated activities.
Unlike general donations to The FGCE, endowments can accrue interest and grow in value based on the funds that The FGCE invests in, making them essential to the growth of our industry.
The FGCE endowments are created in honor of individuals, families, associated founding members, or on behalf of an entire organization or corporation. Donations to an endowed fund can come from single or multiple sources and are tax-deductible. Each year the earnings from these funds are used to fund specific scholarships set up in the name of the company or person being honored by the fund.
Today, The FGCE has more than 140 different funds representing $11,000,000, allowing us to distribute more than $500,000 annually to students and educators.
Yes! The FGCE is happy to accept new endowments and will work with you to set one up. It’s easy to get started, and can be funded over a 5-year period if desired. Contact Jeff White, Director of Development for assistance at jeff.white@thefgce.com or 412-608-2855.
There is a rich history behind the many funds we oversee at The Foundation. Read about the stories behind how many of our individual scholarships came to be and who qualifies for future funding!
