Body
Overview
An endowed gift is one in which the original principal is never invaded and the gift exists in perpetuity. Endowments are generally funded within five years of the initial contribution. Income is distributed annually pursuant to spending policies adopted by the University of Georgia Foundation and no income will be distributed until the endowment is fully funded.
There is no limit for donating gifts to already existing endowments, but the following schedule lists the minimum requirements for establishing new endowments. Please note that the actual types of support provided by the endowments will be specified in the fund agreement.
Faculty/Staff Enhancement
Named Dean’s Chair – minimum $5,000,000
These funds recognize the administrative appointment of a Dean for a School or College and provide an unrestricted endowment for this position. The Chair title and endowment is retained with the dean appointment and is relinquished when the holder no longer serves as dean.
Named Distinguished University Chair – minimum $2,500,000
These funds provide additional support for a professor’s teaching and research, including but not limited to salary supplements, equipment, academic leaves, research assistants, and travel.
Named Chairs – minimum $1,000,000
These funds provide additional support for a professor’s teaching and research, including but not limited to salary supplements, equipment, academic leaves, research assistants, and travel.
Named Distinguished Professorships – minimum $500,000
Income is used to support the work of a professor in developing courses, strengthening teaching and research, and other professional activities. Funds may be used for salary supplements, equipment, travel, etc.
Named Distinguished Senior Fellow – minimum $500,000
Income is used to support the work of a Senior Fellow in strengthening public service engagement through instruction, applied research, technical assistance, and other professional activities. Funds may also be used for salary supplements, equipment, travel, etc.
Named Directorship – minimum $500,000
These funds recognize the appointment of a Director of a unit other than a School or College. This provides an unrestricted endowment for this position and will recognize and support the professional activities of the Director of this unit. The spendable income from this endowment may be used for any academic or administrative purpose in the Unit and is designed to advance the goals of that particular program. The title and endowment is retained with the director’s appointment, and is relinquished by the individual when that person is no longer serving as Director.
Named Professorships – minimum $250,000
Income is used to support the work of a professor in developing courses, strengthening teaching and research, and other professional activities. Funds may also be used for salary supplements, equipment, travel, etc.
Named Senior Fellow – minimum $250,000
Income is used to support the work of a Senior Fellow in strengthening public service engagement through instruction, applied research, technical assistance, and other professional activities. Funds may also be used for salary supplements, equipment, travel, etc.
Named Distinguished Scholar (Visiting) – minimum $150,000
These funds enable the University to bring distinguished visiting scholars to campus in temporary residence to participate in planned academic programs or for special academic programs or purposes.
Named Fellow – minimum $100,000
These funds enable the University to provide temporary support [one (1) year] to a person of professorial rank. These funds will go to support the work of institution faculty who have made unique contributions to academic life or to knowledge in their academic discipline or who have been selected for teaching excellence.
Named Research Fund – minimum $100,000
These funds enable the University to support outstanding researchers who conduct valuable research in critical areas.
Named Lectureships – minimum $50,000
These funds support expenses associated with special guest lecturers or seminars.
Named Departmental Support Fund – minimum $25,000
These may be restricted to a particular program or department. This category does not apply to scholarships.
Named Award Fund – minimum $25,000
Income from this endowment is used to recognize an outstanding student, faculty or employee based on a criteria established by the College, School, or Unit. This category does not apply to scholarships.
Student Support
Distinguished Graduate/Professional Fellowships – minimum $250,000
These funds are used to support an outstanding student in a graduate or professional school program. Income from the fund may be used for tuition, living expenses, and other special expenses incurred in the course of graduate and professional study. This consolidated category includes any endowments that otherwise might also be considered assistantships.
Graduate/Professional Fellowships – minimum $100,000
These funds are used to support an outstanding student in a graduate or professional school program. Income from the fund may be used for tuition, living expenses, and other special expenses incurred in the course of graduate and professional study. This consolidated category includes any endowments that otherwise might also be considered assistantships.
Named Student Support Fund – minimum $25,000
Income from such endowments will be used to support students in non-scholarship endeavors.
Named Undergraduate Scholarship – minimum $25,000
To provide an annual award to an undergraduate or PharmD student(s) based on criteria including, but not limited to, academic achievement or financial need.