What are the types of endowments and what are their minimum funding levels?
There are many types of endowments. Examples and the current funding requirements to create these funds include the following: Scholarship Endowments Named undesignated scholarships—You may establish an unrestricted scholarship endowment that allows Ball State to award scholarships to the most deserving students. The minimum amount necessary to establish a Stable Value Fund permanent endowment is $25,000, while the minimum amount to create a Legacy Fund is $50,000. (See “What is the difference between a Stable Value Fund and a Legacy Fund?” below.) Named designated scholarships—You may wish to state some preferences regarding your scholarship’s recipients. Examples include specific degree majors, financial need, or scholarships for students meeting certain academic requirements. We will work with you to help define acceptable preferences for your scholarship fund. A named designated scholarship can be set up with a Stable Value Fund or Legacy Fund. University Scholars Program—This is a
