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Endowed Scholarships

For many decades, Carthage alumni, parents, and friends have shown their generosity, commitment, and loyalty to the College by establishing named endowment funds. An endowment gift is a permanent and personal way to make a difference in the lives of Carthage students.

Back to Endowment Page
Click here to view a list of endowed scholarships and programs.

Endowed funds may be established for a Chair, a Scholarship, or a program such as study abroad. These funds exist in perpetuity and provide support for current and future generations of students and faculty members.

Gifts of all sizes for endowment have helped shape Carthage College. These visionary gifts in support of scholarships, professorships, athletics, academic prizes and awards, and so many other College priorities have been invested and managed wisely to provide ongoing support for the members of the College community. Strengthening the endowment is a top priority for Carthage.

These gifts also reflect a commitment to the future success of Carthage. By establishing an endowment, the donor ensures that his or her values and legacy become a permanent part of the College’s success. Many donors choose to honor family members, friends, or a favorite professor with the lasting tribute of an endowment gift.

Carthage is blessed to offer more than 199 endowed scholarships, 39 endowed programs, and seven distinguished endowed professorships. The lives of the people who established these funds and those of the people who are honored are heartwarming and inspiring. These are individuals whose faith in the College is unwavering.


Each year endowed scholarships make a Carthage education accessible to talented students. A student who receives an endowed scholarship is entering a select group of the College’s best and brightest undergraduates, and many of them will join the ranks of our most distinguished alumni.

Endowed scholarships typically carry the name of the individual, family, or organization that provided the funding. A named scholarship can be established with a minimum contribution of $25,000.

Endowed distinguished professorships allow Carthage to hire and retain the most talented teachers for the faculty and the most capable and inspirational coaches for our athletic teams. In general, distinguished professorships can be established with a minimum contribution of $1.25 million. The income generated by the endowment will yield support for a professor’s salary and benefits and provide additional funds for scholarship research and professional development.

Programs such as student organizations, music ensembles, and athletic teams also benefit from endowed funds. Like a scholarship endowment, each year funds are made available to support the specific purpose outlined by the donor. An endowed program can be established with a minimum contribution of $25,000.

Endowment funds benefit the entire Carthage community today and in perpetuity. We are most grateful to the alumni, parents, and friends who have established and contributed to the more than 200 endowment funds.

Administration of Endowed Funds

The Finance Committee of the Board of Trustees is responsible for the investment management of Carthage’s endowment portfolio. Each year, approximately 4.5 percent of the corpus of a given fund is made available to support the specific purpose outlined by the donor. Any unspent amounts are reinvested for future use.

An endowment is a gift that is held in perpetuity and invested. The return on the investment provides a regular source of income for the activities designated by the donor. Endowment funds at Carthage help maintain the institution’s financial strength. The College’s endowment program provides the assurance that contributions from friends of Carthage will be managed professionally, with the intention of aiding the College in perpetuity.

Endowments can be established through current gifts of cash, stock, or real estate, or through planned gifts such as charitable trusts, charitable gift annuities, life insurance, or bequests.

The Board of Trustees has established minimum support levels to guarantee the income will be adequate to achieve the donor’s intent. Although gifts of any size may be added to an existing fund, these minimum thresholds are required to establish and name a new fund.

  • Quick Facts

    • Carthage is named a Best Midwestern College by The Princeton Review (2021), a designation given to only 25 percent of four-year schools.

    • The Tower, Carthage’s newest residence hall, provides some of the best views on campus — if not in the Midwest! In addition to #carthageviews of the lake from seven stories up, residents enjoy suite-style living and two floors of shared campus spaces for gaming, cooking, group meetings, or quiet studying. Learn more about all housing options.

    • 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 wings, a burrito, or a sub. A new option, Carthage Cash, even covers some off-campus meals.

    • More than 90% of Carthage alumni report that they have secured a job or are continuing their studies six months after graduation. Visit The Aspire Center.

    • 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. More than 90% 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. 

    • Carthage has ranked as a top Fulbright producer for four of the past five years. Read about Carthage Fulbright winners.

    • Things look new at Carthage because they are. Our science center, student union, athletic and recreation center, and numerous residence halls have all been constructed or newly renovated in the last 15 years.

    • Carthage offers majors, minors, and concentrations in more than 50 areas of study, from marketing to neuroscience, nursing 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 more than 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 students receive financial aid. Carthage awards more than $20 million in scholarship and grant assistance. That includes $5.5 million in competitive scholarships in business, mathematics, science, languages, the fine arts, leadership, and overall academic strength. 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,” recalls biology and neuroscience major Ann O’Leary.

    • Carthage awards up to 35 Presidential Scholarships each year, which range from $22,000 up to full tuition. 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

    • Carthage is the only college or university in the Midwest where every freshman takes a full-year sequence of foundational texts of the Western intellectual tradition. Learn about Intellectual Foundations.

    • With a student-faculty ratio of 13:1, 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.

    • There are more than 130 student organizations on campus, from Amnesty International to Fencing to Frisbee, Chem Club to Stand Up Comedy. See how easy it is to get involved.

    • 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.

    • What’s better than one professor? Two professors. What’s better than two professors? Two professors from totally different fields teaching a single class. There’s debate. Discussion. Differing perspectives. This is where the magic happens. That’s why every student takes a Carthage Symposium.

    • 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.

    • Carthage is ranked in the Top 5 in the country for student participation in short-term study abroad. Every J-Term, hundreds of students travel all over the world on faculty-led study tours. Imagine a month in Sweden, Rome, Cuba, Senegal, India, Japan …