How do I set up a scholarship fund?
Scholarships can be set up to benefit students who are studying a specific field and can be based on need and/or merit. There are two types of scholarships:
1. An endowed scholarship is one that is established with a minimum gift of $25,000 which may be spread over the course of five years. Earnings from the endowment will be used to support the scholarship while the principal remains untouched. This type of scholarship lasts forever.
2. An annual scholarship is one in which the benefactor gives a minimum of $1,000 each year which then is awarded to a student or students meeting the requirements of the scholarship.

What is a matching gift?
Many companies will support their employees giving to a qualified nonprofit by matching the gift the employee makes with an equal amount. Check with your company’s human resources department for more information.

Can I make a gift and spread it out over the course of a year?
Yes, you can pledge the entire amount to the Bloomfield College Fund and indicate when you would like to make installments. The Office of Institutional Advancement will send you pledge reminders.

What does the Bloomfield College Fund support?
The Bloomfield College Fund supports many different facets of the community, from financial aid to projects for upgrading and improving the campus to academic and student programming. To learn more about what the Bloomfield College Fund can do for the community, contact the Office of Institutional Advancement.

I would like to name Bloomfield College in my will. How do I go about doing that?
Bequests are a wonderful way to leave a legacy at Bloomfield College. When you set up your will, simply add Bloomfield College as a beneficiary with the amount or percentage of your estate you would like to bequeath. Then notify the Office of Institutional Advancement at Bloomfield College of your intentions so you can be recognized as a member of the College’s Legacy Society.

How can a make a gift and earn fixed income for life?
Through the College’s charitable gift annuity, donors can make a gift and receive guaranteed fix payments for life. These payments are based upon the age of the donor and in most cases much higher than CD or dividend yields. A charitable gift annuity can be established with a cash gift or to maximize tax benefits, through appreciated securities. Charitable gift annuity donors also qualify for membership in the College’s Legacy Society. To learn more about charitable gift annuities, please contact the Office of Institutional Advancement at advancement@bloomfield.edu or call 973-748-9000 ext. 293.