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The COA endowment provides critical support that enhances the quality and accessibility of a COA education. Comprised of dozens of funds established by generous supporters, our endowment is a permanent source of income which supports financial aid and scholarships, faculty chairs, the academic program, and COA’s facilities and grounds.
COA’s endowment has grown steadily since its inception. Twenty years ago, the endowment totaled just under $3 million. At the end of Fiscal Year 2014, our endowment investments totaled $44.2 million, providing substantial support to the college operations. Despite the setback in 2008–2009 when all college endowments were hit by the stock market decline, our investments have generally outperformed the market and have been recovering substantially.
In FY14, we saw gains and earnings of $5.9 million, received and invested new gifts of $5.0 million, and allocated about $1.6 million to the operating budget. More than half of this allocation was to the academic program, including the funding of thirteen faculty chairs. The balance was allocated to the general operating budget, primarily to scholarships.
Overall the endowment investments consist of over seventy separately tracked funds, including chairs, specific scholarships, programs restricted to specific purposes, and the general endowment. These funds are invested under the guidance of the college investment committee. The COA investment committee also established spending policies, which currently sets our allocation rate at 4.8%.
We invite you to learn more about the College's existing endowment funds and to consider how your support will fortify COA for years to come..
The Development Office Staff is happy to help answer any of your questions. Please call us at 207-288-5015.
You may send your gift directly to:
College of the Atlantic
105 Eden Street
Bar Harbor, ME 04690
FY14 Endowment Report