Endowments: A Gift with an Enduring Impact
For nearly all world-class universities, the source of their financial stability is endowments. Endowed funds differ from others in that the total amount of the gift is invested, and each year only a portion of the interest earned is spent. In this respect, an endowment is a perpetual gift.
When you establish an endowment, you are assuring that your gift will have an enduring impact on the Broad School. Endowments may be created to support faculty excellence, student scholarships or many other types of programs. Your endowment can be added to special funds that give the Broad School the flexibility to address areas of greatest need or promise.
You choose how your funds will be used; assuring that the programs you value will be supported, forever. You also designate the name of the endowment, a name that will live in perpetuity. In this way, your endowment allows you to create a legacy that honors someone special-a teacher or mentor that made the difference in your life-or to memorialize a loved one. Once you have created an endowment, your gift becomes part of the Broad School's heritage and tradition.
Endowments represent a remarkable opportunity to have an enduring impact!