With an endowed gift, you provide permanent support for the University. Your gift is invested — never spent — and each year a distribution, like dividends on a mutual fund account, is made to your chosen program or area. Investment earnings above the dividend rate help the endowment value grow over time, to keep pace with inflation and maintain your endowment’s spending power.
You may take up to five years to fund an endowment and, once it is officially established, you or anyone else may continue to add to its principal at any time. Moreover, by selecting the title of your endowment, you can forever link your name, or that of a family member, friend, or organization, to scholarly excellence at the University. List of current School of Social Work endowments: (pdf).
Current Minimum Funding Levels to Establish Endowments
- Chair $1,000,000
- Professorship $300,000
- Endowed Presidential Graduate Fellowship $100,000
- Graduate Fellowship $50,000
- Graduate Research Endowment $40,000
- Undergraduate Scholarship $25,000
- General Excellence / Program Support Endowment $25,000
Types of Endowments
Student Scholarships and Fellowships enable the School to attract and recognize the best undergraduate and graduate students, regardless of their financial circumstances. Your assistance allows students to concentrate on their coursework while also participating more fully in extracurricular programs that will enhance their personal development. The minimum gift level is $25,000 for an undergraduate scholarship and $50,000 for a graduate fellowship. The prestigious Endowed Presidential Scholarship, for undergraduates, carries a minimum gift level of $50,000, and the Endowed Presidential Fellowship, for graduate students, carries a minimum gift level of $100,000.
Program Endowments and Excellence Funds support excellence in specific or general programs throughout campus. You can choose to support the area in which you earned your degree or another program that interests you. The minimum gift levels range from $25,000 to $50,000.
Chairs and Professorships are awarded to deans, department chairs, and outstanding faculty. These endowments are crucial to the University’s efforts to recruit and retain highly qualified teachers, researchers, and administrators. Gift levels range from $300,000 to $1.5 million
To find out more about creating an endowment, contact Laura Turner, Director of Development (512) 232-8376