The strength of our school and our ability to plan for the future depends in large part on the resources we can depend on for our programs and future growth.  Naturally, we rely heavily on tuition dollars for the bulk of our operating budget.  Your annual gifts also contribute to our operating budget and specific program areas that you designate.  As we strategize about securing the future financial stability of the School of Law, the resources available to us from our endowment and its endowed funds play an important role.

As of June 30, 2003, the market value of the School of Law's endowment was $8,905,474.  This endowment currently provides approximately $415,219 in annual expendable income for our programs and is a permanent source of income.  Our endowment is composed of approximately 64 seperate funds that supply unrestricted support for general purposes, as well as restricted support for scholarships, co-op stipends and  faculty support.

However, with an annual budget of more than $14 million, this stream of constant support offsets and supplements only a small percentage of our overall financial needs.  Increasing the size, and thus significance, of our permanent endowment is therefore an ongoing priority.

Endowed funds may be established to support scholarships, co-op stipends, the library or any of our program areas.  With a minimum gift of $50,000, an endowed fund may be created and named in honor of the donor or as directed.  The income earned from this fund is used each year for the designated purpose.  The list of endowed funds supporting the School of Law grows each year.

To facilitate and encourage these significant gifts, the School of Law encourages multi-year pledges, payable over one to five years.  Our fiscal year ends on June 30th. You will not receive additional phone or mail appeals during the year after you make a pledge, which saves the school printing and postage costs. You can also make expendable pledges over several years to a particular program such as the library, scholarship or the Fund for the Public Interest.

To salute the confidence of our graduates and friends in the mission and direction of our law school and to strengthen our fundraising efforts, the School of Law has established the Committee of 100 to recognize and inspire those alumni/ae and friends who support the School of Law with unrestricted leadership support.

We seek at least 100 alumni/ae and friends to join the Committee of 100 with unrestricted gift commitments of $25,000 or more over the next few years.  Committee of 100 members will be acknowledged in the annual giving report and in various university acknowledgments.  Committee of 100 members are also given membership in the university's top recognition group, The Huntington Society.

The Huntington Society recognizes Northeastern University's most generous individual donors.  The Sponsors, Patrons and Benefactors of the Huntington Society provide vital support for academic excellence and the university's continuing quest for national prominence as a research university that is student-centered, practice-oriented, and urban.  Individuals who pledge at least $25,000, payable over five years, are recognized in the Huntington Society.  Matching gifts are not included.  Recognition continues for five years and may be renewed with additional commitments after the initial gift is complete.
 

The Huntington Society
Benefactors:	whose lifetime gifts and pledges total $1,000,000 or more
Patrons:	who commit a minimum of $100,000, payable within five years
Sponsors:	who commit a minimum of $25,000, payable within five years

To discuss how you might establish an endowed fund, make a mulit-year pledge for a specific purpose, or join one of these recognition groups, please contact Roisin Diamond at (617) 373-3269.