What is an endowment?
Endowments are the lifeblood of an institution. They provide an ongoing source of revenue for student scholarships and other campus priorities. Endowed funds are invested, rather than used as cash for immediate needs.
An endowment can be designated for a specific purpose, such as faculty development or scholarships. The gift to create the endowment can be made from cash, stock, life insurance, real estate or other assets. The gift is invested and only the earnings from the gift are used each year for the purpose designated by the donor.