What it is
Money for the school’s permanent fund that produces a relatively stable stream of income. Endowment funds are invested for the long-term benefit of the school. Such gifts can be unrestricted or restricted in accordance with the school’s gift acceptance policies. Annual distributions are made to support specific areas of the school per the donor’s gift agreement. Endowment principle is not spent, but the funds generated by endowment earnings can support school priorities year after year.
Endowments frequently support tuition assistance, faculty compensation, innovative academic programs, and professional development.
What it provides