Endowments are held inside the Mid-Atlantic Foundation. The Foundation offers donors the opportunity to make a lasting contribution to the mission of Mid-Atlantic Christian University. Foundation funds last forever and continue to make awards each academic year. The Foundation is vital to the financial strength and future of an institution like Mid-Atlantic Christian University.
The Mid-Atlantic Foundation receives tax deductible gifts as endowments and then invests these gifts. Earnings are used in accordance with the donor’s request, while the principal remains intact to generate future earnings. The Mid-Atlantic Foundation policy is to invest the endowed principal in assets which balance safety of principal, growth of principal, and generation of income. These funds are managed by a conservative and faithful board of directors who have a Kingdom mindset and a love for MACU.
The Mid-Atlantic Christian University Foundation, Inc. is a non-profit 501(c) (3) entity established in 1985 to provide support to the Mid-Atlantic Christian University (MACU). The Mid-Atlantic Foundation funds scholarships awarded to students, faculty and staff, mission endowment funds, and special projects.
Scholarships awarded to deserving students at Mid-Atlantic Christian University.
Underwrites continuing education for MACU faculty and staff.
MISSION ENDOWMENT FUNDS
Supplements the general operational expenses of MACU.
SPECIAL DESIGNATED FUNDS
Underwrites a specific operation or service of MACU.
Named Funds can be started with a minimum $10,000 contribution. Contributions may accumulate for up to 7 years until the total reaches $10,000. Once the fund is named, additional contributions are encouraged and may be added at any time in any amount. As the fund grows beyond $10,000 the award also increases. If the fund does not reach $10,000 within 7 years the balance will be added to another named fund of similar scope or into the Presidential Merit Scholarship Fund at the discretion of the Board of Directors.
Department and Administrative Chairs are available for naming opportunities with a minimum of $1,000,000.
Fund donors are notified annually when the student scholarship awards are distributed. Fund donors are invited to attend an annual banquet on the campus to celebrate with student scholarship recipients. Students and donors enjoy meeting each other at this event. The Banquet is usually held in October.
Please contact Sandra Perkins, Director, to learn more about making a gift to the Foundation. In addition, please review the form at this link to prepare to provide the information requested. FORM TO ESTABLISH A NEW FOUNDATION FUND.
To make a gift to an existing Foundation Fund simply note on your check, or online transaction, that the gift is for the MACU Foundation and it is to be applied to the fund (name the fund).
ECC alumus Thomas Joseph has issued a challenge to fellow alumni: Match his $10,000 gift to the Mid-Atlantic Foundation in honor of Mr. and Mrs. J. T. Segroves over three years. Thomas wants to see $20,000 added to the J.T. and Addie Maye Segroves Scholarship Fund to honor the Segroves work at ECC.
The J.T. and Addie Maye Segroves Scholarship is awarded to a continuing qualified applicant residing in the Northeastern USA pursuing a B.A. in Preaching Ministry and must demonstrate exceptional campus leadership.
Simply make a donation to the Mid-Atlantic Foundation with a note "Segroves challenge" on your check. Bank drafts can also be set up for periodic gifts.
The Foundation Director:
Sandra Perkins was appointed Foundation Director in 2010. She assists donors in establishing named funds that meet their stewardship goals. Mrs. Perkins oversees the operations of the Foundation. She has experience running small businesses, mortgage lending, real estate sales and management. Her experience in institutional advancement is augmented by her travels with the President of the University, D. Clay Perkins. Please contact Sandra to discuss opportunities to invest in the future of MACU.
The Foundation Board of Directors meets twice a year to conduct the oversight of the organization, under the authority of the university Board of Trustees. The current roster of Directors is shown below.
Blanton, Gail N. – Greenville, NC
Britt, McArthur Sr. - Elizabeth City, NC
Griffin, Edwin S. – Vice President, Elizabeth City, NC
Marples, Gregory V. – Treasurer, South Mills, NC
Morris, Dr. K. Wayne - Gasburg, VA
Norris, Jerry W. - Salvo, NC
Perkins, Sandra - Director, Elizabeth City, NC
Puckett, Malcolm J. – President, Chesapeake, VA
Sexton, Gregory A. - Secretary, Williamston, NC
Turner, Timothy A. - Greenville, NC
Langley, Gene - Chairman of the Board of Trustees, MACU, Chesapeake, VA
Perkins, Clay - President of MACU, Elizabeth City, NC
Cooper, Larry - Appointed Trustee Director, Elizabeth City, NC
Kight, Kurtis - Vice President for Finance, MACU, Kill Devil Hills, NC
Larsen, Kevin - Faculty/Staff appointed Director, Elizabeth City, NC
Maurice, John - Vice President for Institutional Advancement, MACU, Chesapeake, VA
2010 Board of Directors