Frequently Asked Giving Questions
All nonprofits—including universities—rely on annual philanthropic support each year to achieve their missions. In Oglethorpe’s case, generous giving allows us to offer competitive student scholarship packages, expand academic programming, hire and retain exceptional faculty, all while keeping tuition affordable. Your gift is critical to our ability to do this.
The generous gift from alumnus Bill Hammack ’73 is designated to establish the Q. William Hammack, Jr. School of Business. A significant portion of the gift will go to the university’s endowment to fund the new Dean’s position and support academic program expansion within the School of Business. The University continues to need your gift to fund support of general scholarships, other academic areas and additional university priorities.
It isn’t about how much you give. It’s the collective strength of alumni giving that makes a difference. Current young alumni have collectively given close to $100,000. Imagine the very real impact of those funds, when even a modest scholarship can help to keep a student at Oglethorpe. And that’s just one example. Foundations also look to alumni participation statistics when considering grant awards. The more alumni who give, regardless of the amount, the better our chances of securing foundation funding. If each alumnus or alumna makes a gift, together we can accomplish our big plans.
An endowment is a planned gift that supports the mission of the university—to provide a superior education based on intellectual curiosity, engaged learning and close collaboration among students and faculty. Oglethorpe prepares students to make a life, make a living and make a difference in the world. The OU student experience is powerful and lasts a lifetime. That’s what the endowment supports.
Endowments support ongoing operational expenses or designated purposes like scholarships, projects, institutes, professorships, and programs that serve as crucial elements of the OU experience. They can be a resource for new programs and innovations. And, they enhance faculty recruitment and retention.
Establishing an endowment allows you to accomplish your philanthropic goals and help Oglethorpe fund its priorities. The reasons for creating a named endowment are varied: the satisfaction and gratification of supporting academic excellence; furthering important research; honoring a spouse, family member, or colleague in a meaningful way; or, memorializing a loved one. Creating an endowment may result in tax savings and other financial benefits and may enable you to give more than you might have thought possible. Contact John Carr, Director of Major and Planned Gifts, firstname.lastname@example.org or 404-364-8439, to learn more.