Frequently Asked Questions
Q: Why is Manchester University having a new campaign?
A: Students First! will strengthen Manchester University for generations to come and ensure our role as a transformative influence in students’ lives. The campaign to raise $100 million will provide modern learning spaces with state-of-the-art technology, scholarships that increase access and maintain affordability, and faculty support and learning programs that create richer educational experiences for our students. A larger endowment and support for The Manchester Fund will help meet current and future needs. The campaign will also help launch the Manchester University College of Pharmacy in Fort Wayne. The college represents a natural extension of our mission and our rich tradition in the sciences, and it will add revenue to the University’s operating budget.
Q: What are the Students First! featured objectives?
A: The campaign seeks to fund the following important projects:
- Scholarships - $15 million
- Faculty Resources, student learning - $8 million
- Academic Center - $9 million
- PERC addition - $1.5 million
- Administration Building - $6 million
- Chime Tower - $1 million
- The Manchester Fund - $20 million
- General Endowment - $3.5 million
- College of Pharmacy - $36 million
Q: Why is Manchester University seeking support for the Physical Education and Recreation Center project?
A: Exercise and Sport Sciences, one of Manchester’s largest academic programs, started using two new classrooms and an expanded athletic training space in fall 2010. And Spartan athletes are putting to good use two new locker rooms that will help Manchester recruit quality student-athletes. Many naming opportunities remain at the PERC, including classrooms, faculty offices and lockers. READ MORE
Q: Why is Manchester University seeking support for the College of Pharmacy?
A: The $35 million gift from The Lilly Endowment Inc. in late 2010 is enabling Manchester’s College of Pharmacy to construct a new facility, attract high-quality faculty and develop a strong curriculum in time to welcome its first students in 2012. However, Manchester continues to raise money to expand service-learning opportunities and provide outreach programs that will benefit the entire community. READ MORE
Q: Why is The Manchester Fund part of the campaign?
A: it provides for the University’s most pressing needs not covered by any other source. The Manchester Fund ensures financial aid to deserving students, pays energy bills, upgrades classroom technology and helps maintain the buildings and grounds, including student residence halls. READ MORE
Q: Are there naming opportunities with campaign gifts?
A: Yes. Naming opportunities are available for buildings and facilities, endowed scholarships, and faculty positions.
Q: What types of gifts will count in the Students First! campaign?
A: All new gifts received by or committed to Manchester University from July 1, 2007, through December 31, 2015, which have not been credited to a previous campaign, will be counted. READ MORE
Q: Can donors designate their campaign gifts for support of specific campaign projects?
Q: How long is the campaign pledge period?
A: Campaign pledges are to be paid over no more than five years.
Q: Will deferred gifts, such as will commitments, charitable trust agreements, and other charitable life income agreements count toward the campaign’s goals?
A: The following deferred gifts, with appropriate written documentation provided by the donor, will be counted in the campaign:
- Will commitments and living trust arrangements will be counted.
- Cash value of non-term life insurance policies for which Manchester University is both the owner and the irrevocable beneficiary will be counted.
- Bequests that mature during the campaign will be counted as long as they were not counted as pledges in this or earlier campaigns.
Q: Who is leading the campaign?
A: The Campaign Cabinet is leading the campaign: David and Sandy Haist (co-chairs), Randy Brown, Sara Edgerton, Sam Gunnerson, Carolyn Hardman, Mike Jarvis, Dr. Marsha Link, Christian Maslowski, Dr. James (J.D.) Masterson, Paula Mendenhall, Dr. Richard Robins, Larry Rowland, Dr. Philip Wright, John Zeglis and Dr. Elvin Zook, along with Dr. Jo Young Switzer (President) and Dr. Michael Eastman (Vice President for University Advancement). READ MORE
Q: What is an “endowment” or “endowed fund” and how does it work to benefit Manchester University?
A: An “endowment” or “endowed fund” is a portfolio of assets, usually financial, invested by Manchester University to support scholarships and other financial aid, faculty chairs and professorships, and academic and extracurricular programs.
The endowment is invested with two objectives: a) to yield current spendable income and b) to achieve long-term appreciation of capita.
Donors’ gifts that establish endowment are known as “endowment principal.” Manchester University’s typical policy is to pay out in the form of spendable income an amount equal to 4.5 percent of the endowment’s average market value for the last three years. READ MORE
Q: How large is Manchester University’s endowment?
A: At the end of FY2010, the market value of endowed funds held by Manchester University was about $36 million. That compares with approximately $276 million at Earlham College, $122 million at Hanover and $73 million at Franklin.*
Q: How can I get more information about the Students First! campaign?
A: Please Contact the Advancement Office at (260) 982-5218/ (888) 257-2586, or
*2010 Endowment Study, National Association of College and University Business Officers