What is an Endowment?

(noun) the action of endowing something or someone.

An endowment fund is a fund established by a nonprofit organization. It is a pool of assets, typically in the form of invested money or other assets, where the principal amount is preserved and invested.

Springfield College Endowment Ceremony

Springfield College AJMSF Endowment Ceremony

Mayor Domenic Sarno will join Springfield College President Mary-Beth Cooper for a special endowment announcement at Springfield College on Friday, according to a news release sent to 22News from the City of Springfield.

Mayor Sarno states, “McKenzie was a big believer in education and how it could not only enhance and change lives but also improve our local community. Sadly, we lost Mr. McKenzie to cancer in 2007 but his memory and legacy of love to his family, children and our students will live on through this scholarship fund benefiting minority students. I know that Mr. McKenzie will be smiling down upon us in heaven as we announce this special endowment fund for minority students at Springfield College. Thank you to the McKenzie family for your continued belief and investment in our Springfield.”

The AJMSF Endowment Programs

Springfield College

The first AJMSF Endowment program was launched at Springfield College in April 2023, in honor of Alvin J McKenzie who graduated from Springfield in 1992 with a bachelor's degree in Human Resources.

Endowment Goal $25,000

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Springfield Technical Community College (STCC)

The STCC Endowment Fund will honor Alvin J McKenzie for obtaining his associates degree, graduating from this school in 1988 . We need your help to achieve our goal. Click Learn More below to give now.

Endowment Goal $50,000

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Western New England University (WNEU)

The AJMSF is adding the WNEU to our endowment program for 2026 with more schools to be added by 2027. Help support our community to obtain the right to get educated.

Endowment Goal $50,000

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