It is used to fund programs designated by the donor. The original gift is never spent. Income is used to provide a salary supplement and discretionary funds to the faculty chair holder. Endowed Professorship Original gift is typically less than an endowed chair. Income is used to provide a salary supplement and discretionary funds to the faculty endowed professorship holder.
Support level is significantly less than for an endowed chair.
Endowed Scholarship Original gift is typically less than an endowed professorship. Income is used to provide a salary supplement and discretionary funds to the faculty endowed fellowship holder. Support level is less than for an endowed professorship. Graduate Fellowship Gift or grant used to support a graduate student who is not a graduate research assistant or a teaching assistant. It is typically used to recruit new, high-quality graduate students into a program.