Research endowments in particular have the potential to yield tangible results that benefit many people. Colleges, campuses, departments, or other units named by the benefactor may use the income from enrichment or excellence funds in a discretionary manner to fill special or urgent needs. These funds also could support research, faculty and student awards, and necessary student and faculty travel. No ongoing need at a university is more pressing than maintaining excellent library collections. By choosing to create a libraries endowment, you help ensure that Penn State is able to provide important books in sufficient numbers to serve our undergraduate and graduate populations, as well as our faculty.
Many benefactors choose to honor the memory of a loved one through such an endowment.
Each book purchased with income from a donor or other Libraries endowment includes a commemorative bookplate in tribute to the honored person. For example, a benefactor could choose to endow an award that would be presented to the student with the highest grade point average within a certain academic subject area. Essential because they allow a unit to express its ideals and to reward those who most successfully rise to the challenge, award endowments provide focus and inspiration to an academic unit. Copyright 2000, The Pennsylvania State University . All Rights Reserved.