Endowment gifts provide a solid foundation upon which the University continues to reach for and maintain excellence across our campus. Ongoing endowment earnings play a sizeable role in supporting the University’s mission of education, research, and community engagement. Endowed funds provide support for scholarships, chairs, professorships, lectures, research, academic programs, community outreach, the arts, museums, libraries, gardens, public broadcasting, and a variety of other programs and purposes.
Frequently asked questions about endowments:
Depending on the purpose of the endowment, the University has established minimum gift amounts that will provide an appropriate level of annual support. A general support or scholarship endowment can be established with a minimum gift of $25,000. Fellowships, professorships, chairs, and other program-specific endowments have higher minimum gift requirements. Contact the Development Office for additional information about minimum gift thresholds.
The University has more than 1,800 endowed funds. In order to effectively manage these funds over many years, the University combines the assets into an endowment pool, with each endowment fund owning shares in the pool. The University strives to meet two goals when managing the endowment pool. First, to provide a steady stream of income to help support the current endeavors of the University. Second, to maintain the purchasing power of the endowment funds to ensure that the same endeavors will continue to be supported in perpetuity. The objective is to balance these distinct goals over a long-term horizon.
For more information about the University’s investment practices, visit the Investment Management Office website.
In the spirit of many campus initiatives to promote sustainability, donors may choose to have their endowment gift invested in the Social Choice Fund. Socially Responsible Investing (SRI) is an investment process that considers the social and environmental consequences of investments, both positive and negative, within the context of rigorous financial analysis.
The equity portion of the Social Choice Pool excludes companies operating in the tobacco, alcohol, firearms, gambling, military weapons, and nuclear power industries. The remaining companies are then considered based on qualitative factors including: community relations, corporate governance, workforce diversity, employee relations, environmental stewardship, human rights, and product safety.
For more information, visit the University’s Investment Management Office website or contact the Development Office.