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Support for the Endowment

While continual investments in capital projects build the campus infrastructure, the Colleges’ programs, people and the ongoing maintenance of the campus are supported through the endowment.  Named endowment funds provide the foundation for the teaching and learning that takes place on the Hobart and William Smith campus. They also help to provide a sense of history and continuity.

The Colleges’ endowment consists of many separate funds that have been established throughout the history of Hobart and William Smith. Invested collectively, they generate income that supports designated purposes.

The Board of Trustees uses a formula to determine the appropriate amount of interest and appreciation (total return) that should be used each year. This strategy ensures a balance between the need for current-use dollars and the long-term integrity of the endowment.

Donors who endow a fund receive annual reports on how their fund has supported the good work that they want to accomplish at the Colleges.

 

Endowed Positions

Named endowed positions add prestige as well as the financial means to honor and retain top faculty and staff.  In addition to endowed chairs, the Colleges hope to endow prominent staff positions like the deans and coaches, people who have a long tradition of actively mentoring, guiding and teaching our students.

Grateful alums funded and named the Joseph P. DiGangi Chair in honor of their professor and made the surprise announcement at Reunion. The family of Dr. Philip J. Moorad’28, endowed the Colleges first chair in the sciences. The Philip J. Moorad '28 and Margaret N. Moorad Professor of Science is now held by Donald Spector, professor of Physics.

 

Scholarships

Income from endowed scholarships enables the Colleges to provide a unique liberal arts experience to financially deserving students who are committed to academic achievement and personal success.  Endowed scholarships are critical to our ability to attract these students and help them afford a Hobart and William Smith education.

The Allison Morrow ’76 Scholarship was created by gifts in honor of the marriage of Morrow to Jonathan Cohen on November 12, 1998. In memory of his wife Anita ’40, Dr. Gordon E. Van Hooft ’38 endowed the Dr. Gordon. E. Van Hooft ’38 and Anita D. Van Hooft ’40 Endowed Scholarship. The Hobart Class of 1950 Endowed Scholarship was created by the class of 1950 in honor of their Reunion. The income is used for hard working, deserving Hobart students.

 

Student Supported Funds

Student Supported Funds enable and encourage advanced learning outside of the traditional classroom setting. Hobart and William Smith encourage students to step outside of what they know by participating in our international study abroad programs, working as off-campus interns, or undertaking serious research.

The Charles H. Salisbury’62 Summer International Internship Stipend enables students to gain a practical understanding of the demands and rewards of future careers through an international work experience. Jane Erickson '07 is a recipient of a 2006 Salisbury International Internship stipend. As a Salisbury intern, she worked with the National University of Ireland’s Community Knowledge Initiative, coordinating research and creating opportunities in service learning. An endowed fund created in memory of E. Helm Kloman ’75, honors his interest in the natural environment and has enabled students to bring composting to the colleges.

 

Speaker Funds

One of the most important ways to enhance the classroom experience is to bring interesting and influential speakers to campus. An endowed fund might support Commencement or convocation speakers or even the coveted Elizabeth Blackwell Award. Lectureship funds may also be established to enable academic departments to bring external scholars to campus.

John King, CNN national Correspondent and 2006 Commencement speaker has this advice for graduates: “I simply wish each and every one of you has my good fortune: to find a career you love with genuine passion.” Dr. Wangari Maathai P'94, P'96, Sc.D.'94 the 2004 Nobel Peace Prize Laureate and founder of The Green Belt Movement spoke to students about sustainable development and human rights at the President's Forum in April. Eric Liu, public intellectual and author of “The True Patriot” challenged the first-year classes to be civically engaged citizens during his 2008 Convocation address.

 

Science and Technology

Funds to support science and technology provide faculty and students with the equipment vital to advance collaborative research projects. Students with access to such equipment will be better prepared for both graduate education and the job market. Additionally, these dedicated funds will ensure that the Colleges are at the forefront of using new technologies.

The James C. Spira ’64 Endowment for Technology helps to ensure that the Colleges are always using up-to-date information technology. An anonymous donor created a Science Instrumentation Fund so students have the most current lab equipment.