Endowed funds are invested for perpetuity rather than using the cash for immediate needs. A portion of the earnings from an endowment is distributed to an expendable fund. The remainder is added back into the endowment.

An endowment gift can be designated for specific purposes, such as faculty development or scholarships, or it may be unrestricted. Contributions to an endowment can be in the form of cash, securities, life insurance, or real estate. You may also establish an endowment through planned giving options such as your will or charitable trusts. In any case, the gift will remain invested, and only the investment income from the gift will be used each year for the purpose designated.

The minimum required amount to establish an endowment is $25,000 (payable over a five year period). When you create an endowment, you are creating a legacy that lives forever. An endowment creates a gift in perpetuity that can remember a loved one, a special mentor, your family or yourself.

Endowed Chair: $1 million
Income from such an endowment will be used to provide salary supplement and other support such as graduate assistants, travel, equipment, etc. to the chair holder;

Endowed Professorship: $250,000
Income from such an endowment will be used to provide salary supplement and other support such as graduate assistants, travel, equipment, etc. to the holder of the professorship;

Endowed Visiting Lecturer: $250,000
Income from such an endowment will be used to provide support to bring to campus individuals of note; such support includes but is not limited to stipends for the lecturer, travel expenses, publication costs, etc.;

Endowed Faculty Fellowship: $100,000
Income from such an endowment will be used to provide salary supplement and other support such as graduate assistants, travel, equipment, etc. to the fellowship recipient;

Endowed Graduate Fellowships: $50,000
Income used to provide stipend supplements to graduate students;

Endowed Scholarships: $25,000
Income used to provide merit, diversity, and need based scholarships to students; and

Facilities (Generally 51% of the Cost)
Naming opportunities are available for buildings and other facilities such as labs, classrooms, athletic fields and arenas, etc. Such naming opportunities must be approved according to University policies and practices prior to any commitment made to the donor.