Endowed funds provide a lasting source of support to students, faculty and University programs. The principal of endowed funds is permanently invested, while the earnings are spent in support of the fund's purpose. The Foundation Board of Directors annually sets a recommended spending level for endowed funds, based on investment performance.
Endowed funds are assessed an annual administrative fee of 2.5 percent. The minimum contribution to endow a fund is $25,000 and donors may take up to four years to reach that level.
Endowed Scholarships and Awards
Donors establish scholarship endowments with a minimum contribution of $25,000. Additionally, they may play an integral role in determining scholarship criteria to ensure that their intentions are continually honored. Learn more about scholarships.
Endowed professorships are awarded to faculty members who demonstrate outstanding research and engagement in community service. Funded by local sponsors, the awards support research projects and professional development for a four-year term. Learn more about endowed professorships and awards.