Endowment funds are wonderful ways to support a school, department or unit on campus.
Endowments are generally funded within five years of the initial contribution, and income paid out of the fund is distributed to the benefitting area on an annual basis. The University also has minimums for establishing other types of endowed funds such as scholarships, fellowships and professorships. You may also designate your life income gift to support an endowment fund at the end of your life. Popular ways to support the University are through the establishment of a scholarship or professorship . The Investment Office calculates the yearly payout rate for endowment funds in accordance with the policy set by the Board.