Endowments serve as self-renewing sources of funding that support the university’s long-term strategies. Because it is the interest income—not the principal itself—that serves as a source of available funds, the gift of an endowment represents a perpetual legacy. Endowments give us the opportunity to attract the best and brightest scholars and researchers to our college. They, in turn, are challenged to make new discoveries that benefit humankind and bring acclaim to our college.
Created explicitly as a legacy or memorial, named endowments bring honor to the beneficiaries, as well as to the person for whom the endowment is named.