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What are endowments, and why does UNLV need them?

April 26, 2017endowments UNLV

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What are endowments, and why does UNLV need them?

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An endowment is a gift that is invested in perpetuity. The original gift amount is invested and income earned provides an annual funding source for scholarships, program support, equipment, etc. Therefore, a $1 million endowment would provide approximately $40,000 annually to support scholarships, laboratory equipment, or program enhancements.