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Memorial and Tribute Gifts

Choosing to honor a loved one with a memorial or tribute gift is an important decision. There are many options to choose from when making a memorial or tribute gift and amount gifts can vary.

Patty Laughlin Leathers ’74.
When Patty’s husband, noted local journalist and publisher Tom Leathers, passed away in 2005, she honored him by creating a named endowed scholarship at Avila designated for the student editor of The Talon, Avila’s student-produced campus newspaper.

Your options include:

One-Time Gift. One-time memorial or tribute gifts will benefit Avila students through the Avila Scholarship Fund. An acknowledgment letter to the honored individual or the family of the person that has passed will also be sent to let them know of your gift. Donor name recognition will be printed in the Avila University Annual Report.

Named Annual Scholarship. With a minimum gift of $10,000, an annual scholarship provides a scholarship for a current student. This gift can be given once, annually, or as often as the donor wishes to make an annual minimum gift of $10,000. This is not an endowed fund, and thus no dividends will accrue to be distributed at a future time. An acknowledgment letter to the honored individual or the family of the person that has passed will also be sent to let them know of your kind and generous gift. Donor name recognition will be printed in the Avila University Annual Report.

Named Endowment. With a minimum gift of $20,000, an Avila scholarship endowment provides a perpetual source of financial assistance for current and future students. With the principal (total gifts) of the endowment invested for long-term growth, a 5% dividend (paid from accumulated earnings) of the fund’s three-year average balance is set aside to fund a scholarship each year. Additional earnings are set aside each year to allow the fund, and thus the scholarship award, to grow each year. Donor name recognition will be printed in the Avila University Annual Report. You will also be invited to attend various special events each year, including the Heritage Society Luncheon in the fall and the Endowed Scholarship Luncheon in the spring. At the Endowed Scholarship Luncheon you will have the opportunity to meet the student who receives your scholarship.

Named Flexible Endowment. A flexible endowment gives the donor the flexibility of creating an endowed scholarship over a five-year period while having the opportunity to actually see the scholarship in action from the beginning. Using the $20,000 minimum for an endowment as an example, the donor pledges $5,000 a year for five years. Out of each payment, $1,000 is used immediately to fund a scholarship in the amount that will be available after the endowment is fully funded. The remaining $4,000 is allocated to the endowment fund and allowed to grow over time. At the end of the pledge period, five scholarships have already been awarded and the endowment is fully funded. Beginning in the sixth year, the 5% dividend from the endowment now funds the scholarship in perpetuity. Donor name recognition will be printed in the Avila University Annual Report. You will also be invited to attend various special events each year, including the Heritage Society Luncheon in the fall and the Endowed Scholarship Luncheon in the spring. At the Endowed Scholarship Luncheon you will have the opportunity to meet the student who receives your scholarship.

Gifts in memory of a loved one or in tribute to someone who has had an impact on your life are a great way to provide assistance to Avila’s students. To help us manage memorial and tribute gifts, we ask families to contact the Advancement Office so the proper arrangements and instructions can be shared with everyone involved. For more information about making a memorial or tribute gift, please contact Robin Rowland, executive director of development, at 816.501.2450 or robin.rowland@avila.edu.