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
Joy Fisher Hammersla Social Psychology Scholarship Endowment Joy Fisher Hammersla provided SPU with 15 years of dedicated service as a faculty member in the Department of Psychology and made significant professional contributions to the field of social psychology theory and research. She and her husband, Floyd, believe that the Department of Psychology at Seattle Pacific provides sound and rigorous education in the discipline of psychology within the context of a commitment to intellectual and ethical integrity, honesty and deep and abiding Christian faith. This endowment will provide scholarships with preference to undergraduate students majoring in psychology with an emphasis on social psychology.
Tom W. Wall and Family Scholarship Endowment Tom Wall began teaching as an associate professor of clinical psychology in SPU’s School of Psychology, Family, and Community in 2003. Valerie Wall is presently an adjunct professor of clinical psychology at SPU. In addition to being on the SPU faculty, they both retain their private practices. The donors highly value the education that is offered to students attending Seattle Pacific and desire to establish an Endowment Fund to be held in perpetuity to provide scholarships for graduate students in the Clinical Psychology program within SPU’s School of Psychology, Family, and Community.
Shea Clinical Psychology Research Endowment Amy Mezulis has taught for the Department of Clinical Psychology at Seattle Pacific since 2005 and currently serves as Associate Professor. She works closely with doctoral students within that department and understands the financial burden incurred as they work toward earning their degree. Amy wishes to honor the memory of her uncle, William A. Shea, with the establishment of this endowment. He was of Christian faith and a strong supporter of higher education. This endowment will provide awards with preference to graduate students studying in the academic program area of Clinical Psychology, who are recommended by the Dean with the advice and consent of the Provost.
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.