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Endowment Funds & Scholarships

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Endowment and Scholarships

An endowment is an investment in the future of the College of Business. It is a designated fund that may or may not have a stated purpose at your request. The fund may be created through the donation of cash, marketable securities or other liquid assets. Endowed funds are typically intended to be held in perpetuity (forever), with the investment earning from those funds made available (at least in part) to spend in support of the purpose of the endowment.


What does it cost to create an endowment?

Named Endowment — An endowment requires a minimum gift of $25,000. Named endowments may support partial scholarships or fellowships for a specific academic discipline or program, academic and research programs, etc.

Named Scholarship — A minimum gift of $75,000 is required to establish an endowed scholarship fund designated for a specific academic discipline or program with restrictions or preferences. 

Named Fellowship — A fellowship requires a minimum gift of $100,000 for endowment. A fellowship is awarded to a student pursuing an advanced degree. 

Named Lecture Series – A names lecture series requires a minimum gift of $200,000 for endowment. 

Professorship — A distinguished professorship requires a minimum gift of $1 million for endowment. Professorships allow the school to recruit and retain promising researchers and teachers. The income from the endowment may be used to supplement a professor’s salary or provide support for research needs.

Chair — A chair requires a minimum gift of $1.5 million for endowment. The endowed chair represents the highest honor the school can confer on prominent faculty members. Endowed chairs help attract and retain brilliant scholars by providing dedicated resources for innovative research and teaching opportunities as well as partial salary support.

Department Chair — A department chair requires a minimum gift of $2.5 million for endowment. The endowed chair represents the highest honor the school can confer on prominent faculty members. Endowed chairs help attract and retain brilliant scholars by providing dedicated resources for innovative research and teaching opportunities as well as partial salary support.

Academic Department Center/Institute — Center or institute endowment minimums vary depending upon the discipline involved and the size and scope of the program. 

Endowments may be funded over a time frame not to exceed five years.

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