An endowment is a permanent fund established through one or more donations totaling $25,000 and more. The endowment fund is invested only with its earnings being expended to support the purpose for which it was created. When considering an endowment gift, you may chose an existing endowment fund or create a new one. The name of the endowment is specified by the donor, and endowments can be established in memory of, or in honor of, loved ones and friends.
An endowment can be established with a single gift of $25,000 or more, or can be established over time. Depending on the donor’s intended endowment goal, the endowment is typically fulfilled in five years, but other terms may be negotiated based on the donor’s giving goals. All earnings will be added to the corpus of the original gift in a non-endowed fund until the donation meets the $25,000 endowment minimum and becomes a permanent endowment.
Once the principal amount (donation total) reaches $25,000, interest earnings will accrue from an endowed account, and interest earnings will be directed to the earnings account for future disbursements.
For help determining if there is an existing fund, or to establish a new endowed fund, please contact the Office of Advancement.
Dr. Karen Clos, Executive Director of Advancement & Alumni Services 254.519.5744