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Endowments
- An endowment is a gift that is really the
donor’s lifetime investment in a charitable endeavor
about which he or she cares. Whether the donor
wishes to:
- Establish a named scholarship
endowment for students who are studying to be
teachers
- Provide funding for and name
an academic program, such as our nursing program
- Establish an endowed
professorship in the College from which he or she
graduated
- Add to an already established
endowment
- The donor knows that his or her gift is going to
keep on giving—forever.
Why is this the case? The donor’s gift (the
corpus) is invested by the institution to which it was
given in as prudent a way as is possible. Only a
percentage of the income derived from that investment
is used on behalf of the cause the donor wishes to
support each year. In the case of the CSUSB
Foundation, which oversees gifts that are given to
sustain the mission of the Palm Desert Campus, that
percentage is five (5%).
The minimum investment necessary to establish an
endowment is $10,500. A one-time fee—5% of the initial
gift given to establish the endowment—is directed to
the CSUSB Foundation and covers the costs associated
with managing the endowment.
Information regarding the protocols and steps to
take in order to establish an endowed scholarship are
explained in the section of this website called
“Student Scholarships.” Just click on the words and
you’ll be directed to the webpage that describes how
to establish a scholarship.
The Palm Desert Campus has several priority needs
that we’d like our supporters to know about and
consider:
The RN to BSN Program- $1,000,000
We are asking one of our supporters to consider
establishing an endowment to sustain our hybrid,
on-line Bachelor of Science in nursing program for
working nurses who want to pursue a baccalaureate
degree in nursing while on the job. Each year, the
University has to generate $50,000 to
cover the cost of educating each cohort of nurses
in this program, above and beyond the support
it receives from its funding partners, such as the
region’s three hospitals, and student fees. For an
investment of $1,000,000 in an endowment established
to sustain the RN to BSN Program, the donor could also
name the program, perhaps to honor someone who has
made a life-saving difference in his or her life.
Four-year Bachelor of Science in Nursing
Program-$2,500,000
The University has recently entered into an
agreement with College of the Desert to jointly
initiate a Bachelor of Science in nursing program.
The goal is to recruit high school students and other
Coachella Valley residents into the program, which
they can complete without having to leave the
Valley—something that has not been possible until now.
Beginning four years from this September, this program
will provide a steady stream of approximately 40
nurses with BSN degrees each year, to serve the
Coachella Valley’s healthcare needs.
For an investment of $2.5 million in an endowment
which would help sustain this program, the donor could
also name it.
Endowed Chair in Nursing - $2,500,000
The nurses who graduate from the University’s
nursing programs achieve a very high level of
competence because the programs are focused on
developing in nursing students the two qualities that
all great nurses have—excellent assessment skills and
the ability to view their patients as whole human
beings whose medical conditions are impacted by many
factors outside of the presenting medical problem.
One of the doctors who works at a local hospital said
to one of the nurses in our RN to BSN program, “You’re
back in school, aren’t you? It’s obvious in the
assessments of patients you are caring for.”
In order to take our nursing programs to an even
higher level of excellence, we would like to hire a
doctorally-qualified nursing professor who could
oversee the development of all the nursing programs
situated on the Palm Desert Campus and function on the
forefront of nursing education—which
will enable the university to attract more
philanthropic support as well as build its academic
reputation.
In
order to attract such a person, we would like to
establish an endowed chair in nursing. For a
$2.5 million gift, a donor could endow and name the
nursing chair.
Palm Desert Campus Endowment
As the Palm Desert Campus continues to grow, it
will have a variety of needs. Some will be associated
with the construction of new buildings and the further
development of the campus grounds. Some will have to
do with the general operating expenses such as adding
technology for new classes, improvements to our
library, increasing student services and adding new
programs. So that we can address these kinds of needs
in a timely manner, we have established the Palm
Desert Campus Endowment, which we are hoping to build
to $5 million over the next ten years.
We are inviting supporters
who wish to give smaller gifts to help the campus grow
to support the Palm Desert Campus Endowment.
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