Endowed Gifts

The endowment provides a permanent source of income for the University and is a critical part of developing the campus and its programs. Gifts to the endowment are invested, with a percentage of the income supporting scholarships, professorships, academic chairs or other areas of interest.

REQUIREMENTS FOR ESTABLISHING AN ENDOWMENT

1. Minimum required to establish - $20,000 (Increasing to $25,000 October 2008).

• May take up to 5 years to reach minimum amount.
• Corpus invested with University’s endowment.
• Average historic annual yield – 5 to 7% (not guaranteed).
• The amount of the annual award will be determined by the University’s Endowment Payout Policy in effect at the time, as approved by the Board of Trustees.
• May be added to at any time and in any amount by directed gifts or deferred gifts through estate planning.
• Corpus is never invaded.
• No retained earnings unless stated in the scholarship guidelines.
• No scholarship(s) awarded until minimum is reached.

2. Donors choose name for scholarship and determine required criteria for eligibility.

• May be established in honor of or in memory of a person living or deceased.
• May be need based or merit based.
• Particular curriculum(s) may be chosen, i.e., Business, Nursing, Teacher Education, etc.
• May benefit students from a particular geographical region or area.
• Other eligibility criteria as established by donors and agreed to by the university.

3. Administered by the Financial Aid Office of the university.

4. Selection of recipient shall be made by the university based upon the established guidelines unless otherwise agreed to in writing.

5. Guidelines will be signed by the donors and the university.

6. Donors will be sent the names and addresses of scholarship recipients.

7. Donors will be provided the balance in the endowment upon request.

8. Donors will be invited to attend the annual scholarship luncheon.

9. Endowed Chair - Minimum required to establish -$500,000.

10. Endowed professorship - Minimum required to establish -$400,000.

For more information about endowments, contact Bill Ward, Executive Director of Development at 843-863-7514 or wward@csuniv.edu