They can also be used to build and maintain facilities or to underwrite research. Unrestricted gifts are, in a sense, most valuable, as they allow the University to cope flexibly and imaginatively with future needs and organizational changes. Endowed funds provide income every year in perpetuity to carry out the designated purpose of the gift.
Expendable funds spend both the principal and the income on the designated purpose of the gift.
Named funds remain visible in the Xavier community because of the people and activities they support. As a result, they also encourage others to give.