Gifts by individuals and corporate donors made throughout the year. These major gifts may be used to create new scholarship endowments, including University Honors Program endowments, or fund other specific programs or facilities. Gifts may be made in a variety of ways . The Foundation also welcomes corporate matches to employee gifts. In addition, planned gifts may be made through insurance, trusts and bequests.
Endowments operate much like a savings account.
They require a minimum and substantial contribution, earn income, and provide funding for a very specific purpose. Restricted Gifts are directed to a specific account by the donor and are typically expended within a fiscal year. Often, gifts are designated to a department or school and are used for unfunded programs and equipment. The Fund has allocation flexibility and is available for unexpected needs throughout the year. Unrestricted funds are the Foundation's greatest need, because so many needs are unexpected and do not fall within specific categories.