List of Endowments by Purpose (PDF)
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Building a Strong Endowment
SPU’s Endowment consists of donations and institutional funds set aside for permanent investment in order to produce a dependable stream of annual operating income for the University.
Seattle Pacific University is consistently rated one of the best educational values in the West. Administrators have worked diligently to minimize tuition increases while concurrently retaining a remarkable and highly respected faculty, expanding and enriching educational programs, and developing and equipping facilities that foster the SPU vision to engage the culture and change the world.
And yet, running a premier Christian university located near the center of a vibrant metropolis such as Seattle is an expensive undertaking. Only a portion of the University’s $117 million annual operating budget is covered by tuition and as a private Christian university, we receive no government funding. Thus, like strong universities everywhere, we rely on endowment earnings to fund a significant percentage of our annual operating budget.
The nation’s leading universities strive to build endowments that produce earnings equal to at least 10 percent of their annual operating budgets. At SPU, our Endowment is currently funding just 2 percent of our annual operating budget. Thus, to keep tuition affordable and to provide substantial scholarship assistance to students both today and in the future, we hope you will consider supporting the endowment at SPU.
We are confident we can achieve the necessary endowment growth over the next several years through prudent investment management and through the partnership and generosity of our faithful alumni, donors and friends. Together, we will endow the future of Seattle Pacific University and continue to graduate students of competence and character who will engage the culture and change the world for generations to come. Questions? email us today
E. Marie Hindery Scholarship Endowment
This endowment is established consistent with the provisions of E. Marie Hindery’s Last Will and Testament. The endowment will provide scholarships with preference given to nontraditional age female adult learners seeking to complete their first baccalaureate degree, who have the potential to best exemplify Seattle Pacific’s mission to graduate students of competence and character in order to engage the culture and change the world.”
Richard Sohn Film Studies and Visual Communication Endowment
The donors’ son, Richard Sohn, was a second year student at Seattle Pacific when in December 2012 he died in a tragic accident. He had a passion for movies and film making and a strong and sincere faith in God. His intention was to major in Visual Communication at Seattle Pacific. The Donors want to create this endowment in order to honor Richard’s memory and achieve his dreams for the future. This endowment will provide scholarships to undergraduate students with demonstrated financial need and a declared major in Art, Communication, Visual Communication, Film Studies, or similar degree programs who intend to pursue a career in the film or television industry in such roles as a producer, director, writer or editor, or in other related career fields such as photography, videography, digital media, motion design or graphic design.
John W. and Janet M. Reinmuth Scholarship Endowment
John Reinmuth graduated from Seattle Pacific in 1966 with a Bachelor of Arts degree in Biblical Literature and Psychology and went on to serve for 39 years as a minister in the United Methodist Church. Janet Reinmuth graduated from Seattle Pacific in 1965 with a Bachelor of Science degree in Home Economics and a Bachelor of Arts degree in Education. She served for 20 years with distinction as both a full-time teacher and a substitute teacher in six school districts. The Reinmuth’s shared many fond memories of their time spent as students at Seattle Pacific. John Reinmuth desires to honor his wife, now deceased, with this endowment. This endowment will provide scholarships with preference to undergraduate students studying in the School of Theology or who are enrolled in the Teacher Education Program.
Whaley Family Scholarship Endowment
The Whaley Unitrust was originally established on November 23, 1994 between Julian C. and Evelyn R. Whaley and Seattle Pacific Foundation. Provisions of the trust provided that “Fifteen (15) years after the death of both initial individual beneficiaries, this Trust shall end, and the trust property shall be distributed free of trust to the Seattle Pacific University (the “Charity”), Seattle Washington to fund a Whaley Family Scholarship Endowment.” Preference shall be given to students who have the potential to best exemplify Seattle Pacific’s mission to graduate students of competence and character in order to engage the culture and change the world.”
Wayne Harwood and Dorothy Lundstrom Balch Scholarship Endowment
Wayne Balch had a distinguished teaching career for over forty years at various colleges and universities including Seattle Pacific where he taught vocal and organ music and served as Music Department Director. Dorothy served many years as a public school Special Education teacher specializing in Speech and Language Therapy. The donor desires to honor her husband’s many years of dedicated service within the University’s music program, support those planning to enter the teaching profession, and assist Seattle Pacific in accomplishing its mission of engaging the culture and changing the world. This endowment will provide scholarships to undergraduate students studying music or undergraduate students enrolled in the Teacher Education Program who have strong potential for being an outstanding teacher.
Sharleen and Dean Kato Family Global Service Learning Scholarship Endowment
Sharleen Kato graduated from Seattle Pacific University in 1984 with a Bachelor of Science degree in Clothing and Textiles. She has served for more than 30 years as a faculty member and Director for the Department of Family and Consumer Sciences at SPU. Dean Kato has enjoyed more than 30 years in leadership roles for the aerospace industry and in recent years with Esterline established a Seattle Pacific internship program for engineering students. The donors are founding members of the SPU Parent Council and are longtime members of the President’s Circle and Wellspring Society. This endowment will provide study abroad scholarships to undergraduate students who demonstrate financial need with priority given to Family and Consumer Sciences students who desire to participate in the Philippines Study Abroad trip and secondly to students who desire to serve children and families in poverty in other parts of the world.
Roland G. Hoefer Scholarship Endowment
Roland “Ron” Hoefer has been a long-time supporter of Seattle Pacific University, expressed through membership in the Wellspring Society, the President’s Circle, and the Society of Fellows. His late wife, Geraldine (Sorrentino) Hoefer, an accomplished opera singer, performer and music educator, also expressed her support for Seattle Pacific by serving as an adjunct family member. The donor desires to honor his wife and support those planning to enter the teaching profession with this endowment, and assist Seattle Pacific in accomplishing its mission of engaging the culture, and changing the world. This endowment will provide scholarships to undergraduate students studying vocal music or undergraduate students enrolled in the teacher education program who have strong potential for being an outstanding teacher.
Establishing an Individual Named Endowment at SPU
Wouldn’t it be wonderful if you could create a permanent fund in your name or in the name of someone you love and admire? One that strengthened the vision and carried out the goals of a premier Christian university? One that supported top quality faculty and programs, and at the same time fulfilled student dreams to attain a premier Christian higher education? The good news is—you can!
Funding Your Endowment
With a minimum gift of $20,000, you may establish your own individual named endowment at SPU. Your contribution may be funded with cash, securities, or real estate, and may be pledged over a five-year period if desired. Endowments may also be created through a will or other type of deferred gift, such as those mentioned in the gift planning pages of our website. As the funding for deferred endowments may not come to the University for many years, the minimum contribution for this type of endowment is $50,000. Once an endowment is established, you or your family members or friends may add to it at any time.
Naming Your Endowment
Endowments are named for the donor or for someone the donor wishes to honor or remember. For instance, you may choose to name an endowment in honor of a professor or someone whose life embodies the values of Seattle Pacific University. Or, you may give your endowment a family name so that future generations may have the joy of participating in the growth of the family’s fund. Whatever name is chosen, an endowment is a meaningful way to create a permanent legacy and to ensure that your own long-term philanthropic goals will be fulfilled.
Selecting Your Endowment’s Purpose
At the time you establish your endowment, you may decide how the earnings from your fund will be spent. Some options include student scholarships, faculty support, such as endowed chairs or professorships, research, lecture series, or support of a particular school or program. Unrestricted endowments may also be established to help meet the University’s most pressing needs as determined annually. Please note - certain types of endowments may have higher minimum funding levels than $20,000, such as endowed professorships or chairs. Our staff will be happy to provide you with a list of endowment types and minimum funding levels.
Your Endowment Agreement and Our Pledge to Keep You Informed
Once you have determined the purpose for your endowment, we will prepare an endowment agreement to be signed by the University president and you to govern the use of your fund in perpetuity. We will also keep you informed by sending you our annual endowment report and advising you of the current balance in your fund.
Investment and Spending Policy
All endowment funds are professionally invested among diverse asset classes with a goal of producing above-average long-term returns within acceptable risk limits. The Seattle Pacific Foundation Board has investment management and oversight for the Seattle Pacific University Endowment portfolio. The University spends 5 percent of the total endowment value annually based on a 10-year rolling average. Earnings above the 5-percent spending rate are reinvested so that your endowment will grow and keep pace with inflation over time.
Recognizing Your Generosity
At Seattle Pacific University, we deeply appreciate the caring and generosity of donors who support our mission. We especially recognize the key role endowment donors play in helping ensure a strong future for SPU and its students. With gratitude, we honor endowment donors by listing their names in our Endowment Annual Report. Of course, requests for anonymity are strictly observed.
It’s Your Legacy
We hope you will consider establishing an individual named endowment as a lasting reflection of your believe in SPU’s mission. It will perpetuate the values you hold dear and will help Seattle Pacific change the world - one promising student at a time.
For More Information
Please contact the Seattle Pacific Foundation at 206-281-2702, or toll-free at 888-591-9778. You may also email us today or click the link on this page to request our endowment brochure.