An endowment is a self-renewing resource that the University holds in perpetuity (forever) and does not spend. Instead, endowed gifts are invested. It’s the earnings from these investments that help fund the donors cause.
Creating an endowed scholarship gives you an opportunity to put your name or the name of another person or organization on the fund in memory or tribute. A minimum amount of $25,000 is required to establish an endowment, but donors often give more.
Only part of your gift's average annual investment return will fund the scholarship. The remainder will gets channeled back into your fund so that it grows over time.
If income in a certain year isn’t enough to cover the University’s budget, the necessary amount is taken from the pool. If income exceeds spending, the extra money goes back into the pool, increasing its value.
Each endowment is a source of permanent financial support above and beyond the income generated by student tuition and fees. As our endowment grows, so does our strength and stability.
A small administrative fee is added to all invested accounts. Our gift officers can explain this in more detail.
An endowment can be created through an outright gift, through a bequest in a will, or through a life income gift such as a charitable gift annuity or a charitable remainder trust.
In order to establish an endowment, you should take the following steps:
We welcome your inquiries. Please use the contact info below.