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Current Fundraising Priorities for COA
Faculty and Staff Salary Equity Fund
Gifts directed to COA’s endowment in support of faculty salary and enrichment enable the school to continue to attract and retain the very best teachers while reducing our reliance on tuition revenue. Thanks to a lead gift by a generous trustee, COA recently increased the average faculty salary by $5,000. However, we still lag behind peer schools in faculty compensation. COA seeks $4.25M to bring our faculty to salary parity with peer institutions and provide funding for professional development. A lead gift of $1M starts us on our way.
General Endowment Fund
With the annual fund, interest from the General Unrestricted Endowment is the most flexible funding source COA has.Like most private colleges, COA’s budget comes from four income streams: tuition and fees, grants,philanthropy, and interest earned from the endowment. The Unrestricted Endowment Fund helps COA decrease its dependence on tuition and fees. It provides some “give” in uncertain economic times and can help take advantage of unanticipated opportunities and needs. Some of the ways COA uses interest earning allows COA to offer scholarships to exceptional students, attract and retain outstanding professors, buy lab equipment, enhance Thorndike Library — things that are indispensable to excellence. Because endowments are held in perpetuity, this fund provides one of the most secure sources of future revenue.
COA has a number of funds that help strengthen the academic program by offering unique opportunities for hands-on experience or practical application. These can include: GIS mapping projects. Presentation at conferences. Student research. Faculty-student collaborative projects. Work in the field, or on an island, at a gallery, or in the tropics. Experiments with two kinds of crops at the farm. Demonstrations and workshops.
If you are interested in any of these giving opportunities, call the development office. We are here to help make your investment personal, meaningful, and effective.
Named Library Funds
- McCormick Library
This fund was generously seeded by a gift to the Silver Anniversary Endowment Campaign from the Chauncey and Marion Deering McCormick Foundation to endow the position of Director of Thorndike Library.
- Memorial Book and Subscription Fund
This fund was created as a vehicle to accept smaller gifts (as defined by COA’s policy regarding Named Endowment Funds) made in memory of an individual. Bookplates may be created to honor those remembered and placed in books according to the donor’s wishes.
- Elizabeth Thorndike
Senior Class Book Fund
This endowment was created in honor of Mrs. R. Amory “Betty” Thorndike. Each year the funds are distributed to purchase books for the Thorndike Library, chosen by the Senior Class from a list provided by the library. The book choices are announced at Commencement.
- Thorndike-Hall Library Fund
The Thorndike-Hall Library Fund is actually a number of funds that provide the majority of support for library acquisitions. This fund houses The R. Amory Thorndike Memorial Fund for the Arts & Humanities, The Philip J. Darlington gift, The Thomas & Mary Hall Book Fund, the Peter Godfrey Barton Book Fund, and includes gifts in memory of Karen Hyman and former Trustee, Francis Keppel.