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Operating Endowments

OPERATING ENDOWMENTS

Boesger Christian Business Leader Series Endowment

Established in 2004 by Leonard and Betty Boesger.
This endowment provides an annual event for all junior and senior business students, so they may be introduced to Christian business leaders who have successfully led organizations with ethics and excellence.

Norma & Paul Castleman Innovation Grant

Established in 2023 by Drs. Carson and Angela Castleman.
This grant supports activities (e.g., project trips, collaboration meetings) related to developing and/or expanding service-learning opportunities for the Fairbanks Center for Global Engagement.

Communities of Northwestern Ohio Endowment

Established in 2024 by the Marcus and Mindy Duff family to honor the heritage of rural and small-town Ohio.
This endowment provides support and assistance to the Fairbanks Center for Global Engagement at Mount Vernon Nazarene University, at the discretion of the Fairbanks Center director.

Lucille Estep Prayer Lecture Series Endowment

Established in 2008 by Morton Estep.
This endowment provides for a lecture series held during chapel services for the entire university community, featuring speakers who have a clear understanding of the power of prayer.

Fairbanks Center for Global Engagement Endowment

Established in 2023 by LeBron, Anne, and Stephen Fairbanks.
The endowment provides financial assistance to implement the mission, vision, and strategic projects for the Center for Global Engagement at Mount Vernon Nazarene University.

Ruth Gilley Memorial Library Acquisition Endowment

Established in 2001 through the estate of Ruth E Gilley.
This endowment provides funds for the purchase of library books, periodicals, audiovisuals, etc. (Funds may not be used for equipment or supplies.)

Judy Ingraham Music Endowment

Established in 2007 in memory of Judy Ingraham.
This endowment provides funds to support and extend the activities of the MVNU Music Department. Priority is given to: 1) Goliards Chamber Ensemble; 2) Vocal / A Cappella Group; 3) Music Department, general use. Scholarship awards are made by Music Department nomination.

M2540 Initiatives Endowment

Established in 2011 by an anonymous donor.
This endowment funds: 1) Capital Projects (10% of earnings designated); 2) Faculty/Staff Travel (up to 2 stipends per person per year); 3) Special Initiatives (approved by Distribution Committee). The Distribution Committee includes: MVNU President, MVNU Chaplain, MVNU Asst to Chaplain for Mission and Ministry Opportunities, and Dr. Brad Whitaker.

McCall Lecture Series Endowment

Established in 2019.
Dr. Charles McCall, Professor Emeritus of Religion, was a founding faculty member in the Department of Religion and Philosophy at Mount Vernon Nazarene College (now University). He devoted his life to the moral formation of students. Dr. McCall modeled the virtues associated with an intellectually engaged life devoted to the service of mind, body, and world. These lectures will bring individuals who have contributed to a deeper understanding of moral decision-making, character formation, public ethics, habituated behavior, and virtues to the Mount Vernon Nazarene University Campus. Expenditures from the lecture endowment shall consist of an honorarium and/or expenses for the lecturer. Reimbursements of expenses shall conform to current University travel policy.

Nease Institute Endowment

Established in 2012 by an anonymous donor.
This endowment funds: 1) Operational Support; 2) Program Development; 3) Faculty and Student Stipends; 4) Student Scholarships and Awards. The Distribution Committee includes: MVNU President, MVNU Provost, and Nease Institute Director.

Jim & Kathy Radcliffe Honors Program Fund

Established in 2021 by anonymous donors.
This endowment funds programs, initiatives, and/or operational needs of the MVNU Honors Program at the discretion of the Director of the Program.

Vazquez Family Collaboratory Endowment

Established in 2024 by Juan and Ines Vazquez.
The Vazquez Family Collaboratory Endowment supports the key operations of the collaboratory, including staffing for projects, grants to cover direct costs for project initiatives, collaboratory course development, and costs related to exploring potential projects and establishing new partnerships with external partners. The funds are to be managed and approved by the director of the Fairbanks Center for Global Engagement.

FOR MORE INFO

Development Office
1-800-367-9294, option 2

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