What exactly is an endowment?

  • Simply put, it's a fund comprising donations that create a source of income to support an organization or ministry.  Here are a few ways people can fund an endowment: Cash; Stock; Farm commodities (i.e. grain, corn, livestock); A bequest (naming an endowment in will); A charitable gift annuity (the gift that gives back). Gifts over $5,000 are eligible for a 40% ND Tax Credit.

Newman Center Endowments

We have three different endowments:
- Perpetual Care/General Fund Endowment: helps offset the cost of the general operations of the Newman Center, from payroll, to maintenance, to paying bills.
- Anawim (meaning “poor ones”) Endowment: supports students going on mission trips, or in other ways, to serve the poor.
- Hospitality Endowment: supports Sunday brunches/coffee and rolls to welcome students and create fellowship at the Newman Center.

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