One of the college’s primary goals (as identified by the strategic planning process) is to substantially increase the Luther College endowment—a perpetual fund composed of donor gifts that are retained and invested by the college. Earnings from the endowment are available each year to support college programs and scholarships as designated by the donor.
Please note: All amounts discussed in the following sections are for donors who will fund the endowment through an outright gift or pledge. You may also choose to fund a named endowment through a planned gift. However, that may require a larger amount due to the timing of the gift. Please consult directly with the Development Office for specific details.
Earnings from the Luther College endowment are used for many purposes. Scholarships for students, teaching and learning resources, library books and materials, program enrichment, and student/faculty research projects are prime examples. At Luther, as at most colleges, it costs more to educate a student than what a student pays in tuition. The difference between what it costs and the tuition paid is provided by endowment earnings and by sources of current support, such as grants and annual fund gifts.