Endowment Funds

MacLAB Endowment Fund

An enthusiastic endeavour was proposed in 1997 by the student McMaster Engineering Society (MES), to initiate a fundraising project commonly referred to as MACLAB. The MES created MACLAB as an endowment fund, specifically to assist with upgrading and maintaining lab equipment for undergraduate laboratories. Every in-course Engineering student contributed $50 to MACLAB, and will continue to make contributions annually. Alumni and corporations have also made significant donations over the course of the last year. We thank them!

As an endowed fund, all contributions designated to MACLAB will build capital, and the interest gained will be allocated to approved projects. The MACLAB Endowment Committee, comprised of students, faculty, staff and alumni will review all applications and allocate funds appropriately.

The disbursement is expected to grow as the investment fund develops with annual contributions. We are anxious to see the fund flourish as quickly as possible through additional contributions from alumni and friends. If you would like to support this important fund, please donate here »

If you have any questions, please call our Faculty Advancement Officer, Terry Milson, by telephone at (905) 525-9140, Ext.27391, or by email at milsont@mcmaster.ca.

Planned Contributions

Did you know that charitable bequests continue to be the most popular method of making a planned gift to McMaster? How fitting for a University that was founded through a $900,000 bequest from Senator William McMaster in 1887!

Many of our alumni and friends have planned for a bequest to McMaster as a way of saying thank you and giving back to an institution that has truly impacted their lives. Bequests also offer a wonderful opportunity to create a lasting legacy at McMaster and to help future generations of McMaster students.

A bequest is a direction by will to transfer property to specific beneficiaries. This property can consist of cash, securities, real estate and other assets of value. When structured carefully, a charitable bequest can also offer significant tax relief to a donor’s estate and often provide a more sizeable gift than that which a donor could comfortably afford during his or her lifetime.

Your bequest can be designated to establish an endowment for a research chair, scholarship, award or bursary. In many cases, these funds bear the name of the donors, forever preserving their link to McMaster.

Staff in the Office of Gift Planning would be pleased to work with you and your lawyer to provide sample wording to ensure that your personal objectives are met. All donors who confirm a bequest, or other future gift arrangements, are invited to join The William McMaster and Susan Moulton McMaster Society. For further information contact the Office of Gift Planning at (905) 525-9140 Ext. 23447.

Benefits to Donors: Naming Opportunities

Key partners in the investment towards the Engineering Capital Campaign will be corporations, individuals, foundations, McMaster University and Government.

McMaster University will work closely with the donor to design corporate or individual recognition opportunities appropriate for a major gift. Naming of programs and space are available. The Faculty of Engineering will promote the gift on its web site and in the alumni newsletter and other promotional materials.

Gift announcements of a certain size will be made to community and media outlets to publicize the donation. Donors will be included in invitation mailings and will be acknowledged in McMaster’s gift club.

At McMaster, philanthropy is a tradition of giving and sharing that is integral to the maintenance and enhancement of the quality of education both today and in the future. An accountability statement to our donors will be prepared in honour of each donation.