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.
Set up as a separate nonprofit with its own board of directors and investment committee, the 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.
DIG DEEPER AND FIND OUT ALL YOUR OPTIONS WITH THE SEATTLE PACIFIC FOUNDATION
Check out The Wellspring Society, a membership group that honors those special individuals who are partners with us in planning for the future by designating Seattle Pacific as a recipient of deferred gifts through their financial or estate plans. Want more information on deferred giving or estate planning? Take some time to visit our Gift Planning site and read through a variety of flexible options.
Download our most recent Significance Newsletter (Autumn 2011) and read about the positive impact gift planning is having on Seattle Pacific students, programs and donors. Feel free to also download and read our past Signifiance Newsletters: Autumn 2008, Winter 2008, Autumn 2009, Winter 2009, Spring 2010, Winter 2010, Winter 2011, and Spring 2012. Each Significance Newsletter is available in PDF format.
RECENTLY ESTABLISHED ENDOWMENTS
Yasuko Hino Grate Endowment
Seattle Pacific University is pleased to announce the establishment of the Yasuko Hino Grate Endowment. SPU Senior Gift Officer, Kristi Nelson, worked with Yasuko Hino Grate to establish this endowment. Yasuko Grate came to SPU as an international student from Japan and graduated with a degree in Computer Science in 1990. Now retired from a successful career at Microsoft, Yasuko greatly appreciates the help provided to her by SPU professors as she learned English and Computer Science Languages. As a long-time supporter of SPU, Yasuko established this endowment to provide scholarships to international students on an F-1 student visa who maintain a 3.0 GPA.
Little Family Scholarship Endowment
Seattle Pacific University is pleased to announce the establishment of the Little Family Scholarship Endowment. SPU’s Major Gift Officer, Kristi Nelson, worked with Myrna Little to establish this endowment to honor Harry Little. A beloved husband and father, Harry fought cancer for seven years. During that time, the Little family grew to appreciate assistance provided to help them to cope with a family member battling a terminal illness. As a result of the help they received and the family’s strong ties to SPU, Myrna Little wishes to honor her husband by establishing this endowment to provide scholarships to graduate students in the Medical Family Therapy program.
Don Yanik Design and Technical Theatre Scholarship Endowment
Seattle Pacific University is pleased to announce the establishment of the Don Yanik Design and Technical Theatre Scholarship Endowment. Director of Alumni and Parent Relations, Ken Cornell worked with Theatre Department Chair Don Yanik to establish this endowment. Don joined the Seattle Pacific University Theatre faculty in 1985. As a professor of theatre, he teaches courses in scene design and technical drawing, costume and period styles, scene painting, stage makeup, and theatre experience. Don has set design credits for more than 285 productions and 100 costume plot design credits, including eight world premiers, two U.S. premiers and several Northwest premiers. Don Yanik has also designed productions for the C.S. Lewis Summer Institute in Cambridge, England. He is the restoration designer for the home of C.S. Lewis in Oxford, England, and serves as a board member of the Kilns Project. This endowment will provide scholarships with preference to, but not necessarily limited to, students studying as theatre majors with a technical and design emphasis as determined by theatre faculty in conjunction with the office responsible for financial aid administration.
For a full, comprehensive list of Seattle Pacific University endowments, please visit our endowment page.