Endowed funds provide a lasting source of support for the University and are held in perpetuity. The University invests the initial gift and spends only a portion of the average annual investment return. The remaining income is added to the principal as protection against the eroding consequences of inflation. Thus, the benefactor who makes an endowment gift today may be confident that it will grow and continue to support its intended purpose far into the future.
Endowments produce a steady stream of funding for scholarships to support deserving students, professorships, lectureships to bring distinguished speakers to campus, library acquisitions and academic prizes to recognize outstanding students and faculty. The University’s unrestricted endowment generates vital funding for operations and enables the University to respond to important needs as they arise.
Endowed funds must be funded at certain levels and may be designated for a scholarship or program at the University. They also may be named by the donor.