The TCSF main goal is to create the supporting landscape for our student athletes to excel in and out of the classroom. We have to go beyond the scholarship funding and academic support to develop a strong foundation to provide the best facilities, equipment, and experience.
These vital major gifts to the TCSF are used to build state of the art facilities to enhance the training, educational, and cultural value of our student athletes. We also use them to renovate, develop, and maintain the infrastructure of Maryland Athletics to an even higher level of competition and success.
Endowments for Maryland Athletics provide perpetual support for scholarships for student athletes. By supporting endowed scholarships, donors establish a legacy and ensure the tradition of outstanding athletes at the University of Maryland will continue for generations to come.
An endowment is a gift in which the principal is held in perpetuity, with only the income used (in part or whole) for scholarships. A tax deductible gift of $400,000 is required to fully endow an athletic scholarship. Gifts of smaller denominations may endow a partial scholarship. Gifts toward the endowment can be made in the form of cash, securities, real estate, insurance, personal property, life or pooled income funds, charitable remainder trusts, charitable gift annuities, wills or bequests. For all of the endowed scholarships, five percent of the value of the fund will be available for use by the Department of Intercollegiate Athletics each year for scholarship expenses.
To contribute a major gift to help support these initiatives, please contact a Major Gifts officer with the Terrapin Club Scholarship Fund at (301) 314-7020.