Of all forms of private giving, endowments offer perhaps the most influential of investments in higher education by creating self-renewing, living legacies that span generations.
Gifts of endowment are a long-term source of funding for whatever a donor wishes to achieve with his or her philanthropy. An endowment is an investment in the lives of those to come, a promise without end, made by today’s donors to the future. Creating an endowed fund gives you an opportunity to put your name, or the name of another person or organization in memory or tribute, on a fund for a specific cause.
Endowments help fund:
- Faculty chairs and professorships
- Graduate fellowships
- Undergraduate scholarships
- Program support
- Visiting scholars/lectureships
- Research support
- Student internships
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.