What is an endowment and what is the benefit of endowments?
An endowment is a permanent account maintained within the assets managed for the benefit of the University. It is permanent because the principal is never spent. Only earnings from investment of the principal may be expended for the designated purpose. Endowed funds are regarded as important commitments to the donors and key assets for the financial future of the University. A donor who gives an endowment knows that decades from now his gift will provide the same benefits it does today.
