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Athletic Endowment Program

Carthage’s intercollegiate athletic program is one of few Division III programs with endowment funds for every sport and for general athletic program initiatives. This means all 24 of the College’s teams, men’s and women’s, receive additional money through individual endowment funds. Indeed, Carthage’s athletic program is a national leader in the establishment of athletic endowments; Carthage’s total athletic endowment is now approaching $3 million. We take great pride in this fact because endowed programs help turn student dreams into reality.

What is an Endowment?

An endowment is a gift that is held in perpetuity and invested. The return on the investment provides a constant source of income for the activities designated by the donor. Within the Athletic Department the donors are choosing to assist a specific sport or programs for the general athletic program.

How is money from an Athletic Endowment fund used?

Athletic endowment funds provide financial support for teams above and beyond the College’s operational budgets, as determined by the head coaches in each sport and the Director of Athletics. Use of the funds may provide new uniforms, equipment, or underwrite travel for a seasonal tour.

How are Carthage endowments managed?

The College invests the funds and spends about 4.5 percent of the annual total. Carthage, thereby, is able to provide supplemental operational support to sports teams annually across successive decades.

Contributions to an endowed fund are, for investment purposes, merged with the general investment assets of the College and are managed in accordance with its investment policies. For spending purposes, the fund maintains an accounting identity separate from other named funds within the College’s endowment. The College’s investment objective is to preserve and grow the value of the endowed fund over time. Any growth in the fund beyond what is awarded is added to the principal of the fund.

How may I establish or contribute to an athletic endowment fund?

Contributing to an Endowed Fund
Gifts to established endowed funds may be given at any time and for any amount of money. Gifts may come in the form of cash, stock, real estate or planned gifts such as charitable trusts, charitable gift annuities, life insurance or bequests.

Naming an Endowed Fund
To establish a named endowment, a donor must contribute a minimum of $25,000. Gifts may come in the form of cash, stock, real estate or planned gifts such as charitable trusts, charitable gift annuities, life insurance or bequests. A donor also may make pledge payments over three to five years to reach the $25,000 minimum donation.

Those who name an endowment also will be honored with an annual award given to an outstanding student athlete within the designated sport. A display, located in the N. E. Tarble Athletic and Recreation Center Office suite, highlights the student award recipients and the donor.

Naming an Award
To have a named award within an established endowment, a minimum donation of $15,000 is required. For example, David Wiers, a former men’s basketball player, made a donation of $15,000 to the Larry Hamilton Men’s Basketball Endowment. Each year Carthage will select an outstanding member of the men’s team to receive the “David Wiers Captains Award.”

A donor may make additions to their own or any other endowed fund at any time. Such additional shall be made subject to the provisions of the endowment fund agreement. If, at some time, the purposes of an endowed fund cease to exist, the fund then may be redirected at the discretion of the Trustees of the College. In such a case, special consideration is given to the original intent expressed in this agreement.

How do our donors benefit from giving to an endowment?

An endowment is a permanent and personal way to make a difference in the lives of Carthage athletes by contributing to an endowment the donor ensures that his or her values and legacy become a permanent part of the College athletic program’s success.

The College’s endowment program provides the assurance that contributions from friends of Carthage will be professionally managed with the intention of aiding Carthage’s athletic program forever.

Student athletes annually write to the donors, expressing thanks, and in many cases, establishing a continuing relationship. These students, during their college years, come to understand the importance of giving back to their college and helping the next generation.

Compared to most nonprofits, a gift to Carthage means that 100 percent of your gift goes to its intended purpose, assisting the Carthage student athletes. A gift to the endowment is a gift that gives forever!

How can I learn more?

To learn more about Carthage’s Athletic Endowment Program please contact:
Dr. Robert Bonn
Director of Athletics
rbonn@carthage.edu
262-945-8515

  • Quick Facts

    • Carthage is named a Best Midwestern College by The Princeton Review (2018), a designation given to only 25 percent of four-year schools.

    • Scheduled to open in fall 2018, a new residential tower will offer suite-style housing and two floors of shared campus spaces for gaming, cooking, group meetings, or quiet studying. Learn more about The Tower

    • You’re going to need brain fuel. Grab a morning coffee and a snack and Starbucks or Einstein Bros. Bagels. Later, meet friends at “The Caf,” where the specials change daily but the staples are constant, or swing through “The Stu” for wins, a burrito, or a sub. A new option, Carthage Cash, even covers some off-campus meals.

    • 96% of Carthage alumni report that they have secured a job or are continuing their studies six months after graduation. Visit Career Services.

    • 91% of employers say critical thinking, communication, and problem-solving skills matter more than your major when it comes to career success. Learn more about how the liberal arts prepare you for a successful career.

    • Lots of schools wear the four-year label. Carthage stands behind it. 95% of Carthage graduates earn their degrees in four years. Learn more

    • Oscars. Emmys. Tonys. Golden Globes. The playwrights we’ve brought in have them. Each year, the Carthage Theatre Department commissions an original script by a renowned playwright for its New Play Initiative. Carthage students then work with the writer to stage it. 

    • As a freshman in the highly selective Honors Program, learn how to gain expertise in anything from music to forest ecology. After that, tackle a contemporary social, economic, or political problem. If you like, you can live on an Honors-only floor of a Carthage residence hall. 

    • In 2016, 2017 and 2018, Carthage was named a top producer of Fulbright Scholars by the U.S. Department of State’s Bureau of Educational and Cultural Affairs.

    • Things look new at Carthage because they are. Our athletic and recreation center, student union, computer labs, audiovisual production suite, and numerous residence halls have all been constructed or newly renovated in the last 10 years. Our new science center caps it off.

    • Carthage offers majors, minors and concentrations in more than 50 areas of study, from archaeology to athletic training, neuroscience to music theatre.

    • Our Summer Undergraduate Research Experience offers select students a research budget, one-on-one mentoring with a professor, and 10 weeks of analyzing, deciphering — and getting paid.

    • So the lake is kind of a focal point, but there’s a lot more to love about our campus — like the fact that our 80-acre campus is also an arboretum and wildlife sanctuary. Focused on keeping campus lush forever, we plant between 50 and 75 new trees every year from a variety of species.

    • Carthage was founded in 1847. That’s more than 170 years of leaders, makers, and go-getters going out and going forth. Read more about Carthage’s rich history.

    • More than 90 percent of our students receive financial aid, a hefty chunk of which is scholarships and grants — including $1.25 million annually from the Presidential Scholarship Competition and numerous Merit Scholarships. Learn what’s available.

    • Abraham Lincoln was an early Trustee of the College, and U.S. Secretary of State John Hay was a Carthage alum. The two still have a proud place on our campus. Spend some time with them in our Sesquicentennial Plaza. On warm days you’ll find professors leading their classes here.

    • Come to Carthage; hear yourself think — think … think …
      Legend has it that Sesquicentennial Plaza holds a perfect echo. Just stand with both your feet on the “1847,” face Straz, and start talking. “You’re the only one who can hear you, but you’ll be crystal clear,” promises English and theatre alumna Mikaley Osley.

    • Our Great Lake provides Carthage students with some amazing views. Think classes on the beach, lake views from the lab, and sunrises from your dorm room. “I love waking up in the morning with the sun shining off the lake. Nothing compares to the view in the morning,” says biology and neuroscience major Ann O’Leary.

    • Carthage awards up to 30 Presidential Scholarships each year, which range from 75% tuition up to full tuition, room, and board. Learn more.

    • For a full decade, NASA has selected Carthage students to conduct research aboard its zero-gravity aircraft. Lately, the stakes have risen. A team of underclassmen is grinding to prepare a tiny but powerful Earth-imaging satellite for launch to the International Space Station. Learn more about the space sciences at Carthage

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    • With a student-faculty ratio of 12:1, your professors will know who you are. They will also know who you want to be — and how to get you there. Meet our faculty.

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    • True story: There are more than 27 art galleries, a dozen museums, and nine theatres within 25 miles of Carthage. Some highlights: The nationally recognized Racine Art Museum, the world-renowned Art Institute of Chicago, and the Milwaukee Art Museum. Learn more about our location.

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    • You can’t hide here — not with only 17 other students in the classroom with you. That’s going to be rough some mornings. But later, when you’re able to argue your point of view thoughtfully, express your opinions succinctly, and meet challenges head-on, without fear … Yep, you’ll thank us.

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