Endowed funds have been established through the interest and generosity of alumni, parents and friends of Rhode Island College. Some funds honor individuals, some reflect the gratitude of alumni for their years at Rhode Island College, some are demonstrations of admiration for former professors and others reflect a desire to assist the college in continuing to fulfill its mission. These funds are often endowed for the purposes of providing scholarships to students.
Endowment funds are gifts from donors in which the principal cannot be expended and must be invested for income-producing purposes. Income from endowments can be either restricted or unrestricted, based on donor direction. A portion of the income is available to be expended for the agreed upon purpose and a portion may be reinvested to maintain purchasing power. Funds designated by the board to function as endowments may be totally expended at any time at the discretion of the board.
A variety of endowed and restricted funds exists at Rhode Island College. Interested in establishing an endowment or scholarship? Contact one of our staff members!