Stewardship[ LBC Endowments | Named Endowments | Restrictions ]
LBC's financial future is linked to God's provision through endowments. The goal of the endowment is to invest in ways that grow the endowment at a rate equal to, or above, the annual inflation rate. LBC can allocate the growth in specified funds to achieve both long- and short-term goals by providing resources for current operations and non-budgeted needs.
The following are established endowment funds that provide some of the support for LBC’s financial operations:
- General College Endowment
Provides resources for the general operation of the College. Normally, 5% of the value of the endowment will go toward the general operations of the College. - Student Need Endowment
Provides scholarship support to full-time undergraduate students who demonstrate calculated financial need. - Recruitment Endowment
Provides for the recruitment scholarship portion of the budget. - Library/Educational Resources Endowment
Helps to provide resources for the library and for the purchase of books, educational resources, and other materials. - Distinguished Faculty Endowment
Provides for the cost of the Distinguished Faculty position. - Buildings and Grounds Endowment
Provides resources for the maintenance and upkeep of Lancaster Bible College grounds.
LBC is committed to providing named endowments to honor individuals meeting certain qualifications and a giving level of $10,000 or more. If interested in establishing a named endowment, please contact the Stewardship/Advancement Office at 717-560-8211.
- The College will make every effort to avoid investments in companies, products, or services that are not in keeping with the College's moral and spiritual convictions. Of special concern are investments related to alcohol, tobacco, gambling, and most areas of the entertainment industry.
- The College will seek a balanced, well-diversified portfolio of stocks and bonds that will produce both capital growth and income. The College's overall portfolio and individual fund accounts will apply this philosophy. Within this framework, individual fund accounts will be invested to generate its specific requirements and objectives.
- The College will not invest in individual bonds below a BBB rating.
- Normally, the total portfolio of an individual fund or trust will not exceed 80% in equities and equity mutual funds.
- Normally, LBC investments will seek a rate of return equal to or better than a time-weighted composite of the S&P 500 or an appropriate corporate bond index.
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