Union College has a proud, 83-year tradition of Annual Fund support. This year was no exception, with gifts setting a new record of just over $4 million. Annual Fund gifts, generally made with cash or appreciated securities, vary greatly in size. Annual Fund gifts are used to purchase books and laboratory equipment, to support student activities and services, and to add to the quality of academic programs across campus. In short, Annual Fund gifts are an important component of the College's yearly operating budget.
Union also has a proud tradition of capital gift support funding construction projects and providing for endowment growth. Capital gifts, which may also be outright gifts of cash, appreciated securities or real property, frequently take the form of life-income agreements and gifts through bequests. Capital gifts add value to Union's endowment, giving the College not just more current spending power, but also greater future financial security. Capital gifts allow Union to attract and retain high caliber students through increased scholarship funds and academic program support. Capital gifts finance construction projects such as the Nott Memorial, Yulman Theater and the forthcoming renovation of Schaffer Library. Capital gifts continue building the prestige of Union's faculty through endowed professorships and faculty fellowships.
Your gifts-annual or capital, outright or planned-make Union a better place in myriad ways. Thank you!