Endowments and Scholarships

Endowed Gifts

An endowment is a sizable fund of money that the Asbury Foundation invests to produce interest income. While the endowment’s principal remains untouched, the annual returns fund an array of ministries and programs including Music, Missions, Children’s and Youth Ministries. An endowment allows your gift to make a difference every year and to grow over time. An endowment can be designated for a specific ministry or can simply be a part of the Foundation’s General Endowment Funds. The gift to create the endowment can be made from cash, stock, life insurance, real estate or other assets.

Endowed Scholarship

A financial endowment is a transfer of money or property donated to The Asbury Foundation, with the stipulation that it be invested, and the principal remain intact in perpetuity or for a defined time period. An endowed scholarship is tuition (and possibly other costs) assistance that is permanently paid for with the revenue of the financial endowment specifically set up for that purpose. Endowed scholarships may be funded with a tax-deductible, charitable contribution of cash or securities (an outright gift) or they may also be established through a variety of planned gifts such as: Bequest through one’s will or trust, Life insurance policy, or retirement plan. The Asbury Foundation currently manages 2 endowed scholarship funds: The Bill Mason Scholarship Fund, which provides assistance to pastoral candidates at ATS and the Bill Elliott Music Scholarship Fund, which provides assistance to music students at the University of Tulsa.

The content provided on The Asbury Foundation site is not offered as legal or tax advice. Examples of tax benefits may or may not apply to your own situation at the time of your gift. The Asbury Foundation urges donors to seek the advice of a tax advisor, attorney, and/or financial planner to make certain a contemplated gift fits well into your overall circumstances and planning. All material is presented solely as educational information and is not a solicitation or offer.