Seattle Pacific Foundation
SEATTLE PACIFIC FOUNDATION
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The Wellspring Society Winter 2009 Significance Newsletter (PDF)
ABOUT THE SEATTLE PACIFIC FOUNDATION
The Seattle Pacific Foundation, established in March 1979, was immediately charged with the goal of "Endowing the Future of Seattle Pacific University." Through the vision and foresight of alumni, the Board of Trustees and the University administration, it was realized that increasing costs would place difficult financial burdens on both students and programs if solutions were not found. By implementing this focus on endowment growth, not only has progress been made for the future, but also thousands of students have already benefited from scholarships funded by endowments.
Through the ongoing gifts of alumni and friends and the prudent investment management of the Foundation's staff and volunteer board, progress is being made in meeting financial aid needs. During this current academic year, SPU students will benefit from more than $1,054,000 in scholarships directly funded by over 203 separate endowment funds. While a significant contribution, it is still far short of what is really needed.
Established as a separate nonprofit supporting organization with its own board of directors and investment committee, the Seattle Pacific Foundation provides professional management for the University's endowment. An endowment is a fund set aside and invested for the purpose of earning income that can then be used to provide scholarships or support for academic programs. The principal amount of each endowment is kept intact so it can continue to earn income in perpetuity. Enlarging the endowment base makes it possible to increase financial aid assistance and in turn to help more students who want to attend SPU.
Seattle Pacific Foundation
3307 Third Avenue West, Suite 108
Seattle, Washington 98119-1922
888-591-9778
spf@spu.edu
Seattle Pacific Foundation Staff
ENDOWMENTS
5.8.2009
Pete and Shirley Hammond InterVarsity Marketplace Collection Endowment
Seattle Pacific University is pleased to announce the establishment of the Pete and Shirley Hammond InterVarsity Marketplace Collection Endowment. SPU’s Gift Planning Specialist, Dean Carrell, worked with Steve and Maxine Vasen to create this endowment. Steve and Maxine were deeply engaged with and supportive of the life and work of Pete Hammond, who donated the Marketplace Collection to the SPU Library and who desired to supplement and enlarge the collection through the purchase of books and other items. This endowment will provide funding to the University's library to expand the InterVarsity Marketplace Collection.
5.1.2009
Jessica Reed Theater Scholarship Endowment
Seattle Pacific University is pleased to announce the establishment of the Jessica Reed Theater Scholarship Endowment. SPU’s Gift Planning Specialist, Kristi Nelson, worked with Jacqueline Garnett to create this endowment in honor of Jacqueline’s aunt, Jessica Reed, who taught theater arts and English for 34 years in Yakima, Wash. Jessica was a gifted actress who loved and supported performance arts in Yakima and Seattle; she was also a dear, generous, and loving aunt. This endowment will provide scholarships to serious minded, spiritually sensitive students, with a preference to undergraduate students majoring in theater.
4.20.2009
Lorene E. Dahlberg and E. John Dahlberg Scholarship Endowment
Seattle Pacific University is pleased to announce the establishment of the Lorene E. Dahlberg and E. John Dahlberg
Scholarship Endowment. This gift was given by Lorene and John Dahlberg. Lorene graduated from Seattle Pacific in
1967 with a bachelor's degree in education with an emphasis in social studies. After earning her master's degree in education from Boise State University in 1979, Lorene enjoyed a long career as an elementary school teacher in the Cascade School District. From 1996 until 2002 she worked as a supervisor of student teachers for Corban College. John was also an educator who worked as a professor of comparative education at Boise State University, retiring in 1988. The Dahlberg’s highly value the education that is offered to students attending SPU and desire to provide this scholarship to undergraduate students preparing to become elementary school teachers.
1.22.2009
Margaret M. Anderson Education through Art Scholarship Endowment
Seattle Pacific University is pleased to announce the establishment of the Margaret M. Anderson Education through Art Scholarship Endowment. This gift is given through the estate of Margaret Anderson. Margaret graduated from Seattle Pacific with a bachelor's degree in education in 1938. She worked in the Renton School District for five decades, first as a math teacher and school counselor. She established the Renton School District music department for all grade levels, heading and running the district's music department until her retirement. She was a renowned pianist and wanted to help Renton students to develop lifelong interests in music. Margaret highly valued the education offered to students attending Seattle Pacific and desired to establish an endowment fund to be held in perpetuity to provide scholarships for upper division undergraduate or graduate music majors.