You have many options when you create a scholarship, which is awarded to undergraduate students, or a fellowship, which is awarded to graduate students. In addition to selecting the type of recipient, you can designate an area of the university close to your heart and when your contribution will begin helping. Your gift can provide immediate or long-term support. It can be paid all at once or in annual installments over a period of no more than five years. A helpful guide to minimum gift amounts is provided below.
Endowed Funds
You can make a powerful investment by contributing to or establishing an endowed fund, which is a permanent funding source. Endowed funds are invested so that they produce an annual award. The currently authorized payout for endowed funds is 4 percent a year. Thus, once fully endowed, a gift of $100,000 would provide an annual award of about $4,000. Endowed funds provide long-term financial support.
Current Funds
You also can establish or contribute to a current fund to support and strengthen the academic area or program you choose. The entire balance of the fund is available for immediate use. Once the balance is exhausted, the fund is closed.
Gore Scholar Gehad Qaki receives congratulations from College of Engineering Dean Dennis Livesay.
$25,000
– Fund
$50,000
– Faculty or staff support fund
– Scholarship
– Graduate fellowship
– Graduate assistantship
$100,000
– Presidential scholarship
– Distinguished graduate fellowship
– Distinguished graduate assistantship
– Lecturer
– Lectureship
$150,000
– Doctoral fellowship
$250,000
– Faculty fellow
$500,000
– Professorship *
$2 million
– Chair *
*Minimum amount may vary by academic college.
$5,000
– Fund
– Scholarship
– Graduate fellowship
– Graduate assistantship
$20,000 ($5,000 for 4 years)
– Presidential scholarship
– Lecturer
– Faculty or staff support fund
$50,000
– Faculty fellow fund
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