An endowment is perpetual because only the earnings are used. The principal remains intact, generating income every year to be used for scholarships, professorships, chairs, programs or schools.
An endowment creates a legacy that benefits the university and our students for generations to come.
Types of Endowments
An endowed scholarship may be fully funded for as little as $10,000. A scholarship may be established with just $2,500, provided additional gifts bring the corpus to $10,000 within two years. Donors may determine the criteria for these scholarships based on a student’s geographic location, GPA, financial need, or major field of study.
Earnings from endowed professorships supplement faculty salaries,, allowing the university to employ the most qualified faculty possible. To fully fund a professorship requires $500,000. Endowed professorships are often funded over a period of time, or through planned gifts such as estates and trusts.
Endowed chairs enable Hardin-Simmons University to bring professors of reputation to teach at Hardin-Simmons University. An endowed chair requires $750,000 to complete funding. As with endowed professorships, they are frequently funded over period of time, or through planned gifts.
Endowed programs provide ongoing funding for a wide variety of special programs, from academics to athletics. The cost to endow a program varies greatly, depending on the nature and scope of the endowment. For more information, contact us at email@example.com.
We are blessed to have the following schools already endowed:
- Holland School of Sciences and Mathematics
- Irvin School of Education
- Kelley College of Business
- Logsdon School of Theology
- Cynthia Ann Parker College of Liberal Arts
- Patty Hanks Shelton School of Nursing (a consortium with Abilene Christian University and McMurry University)
The School of Music and Fine arts, as well as the Graduate School, are available to be endowed. For more information, please contact Mike Hammack, VP for Institutional Advancement, as 325.670.1489 or firstname.lastname@example.org.