Why is growing the endowment so important?
Endowments exist to provide predictable support for an institution and its programs. It also provides protection against a financial downturn. That said, the income earned by our endowment is an integral part of the operating income and helps keep tuition rates as low as possible. By building our endowment to over $300 million, Culver will significantly reduce the need to draw as high a percentage from our endowment to pay for day-to-day needs and be well-positioned financially to withstand the adversities and uncertainties that are sure to come.
Related Questions
- The University has announced big increases in research funding, the endowment has been growing, and we admitted the largest freshman class in a decade - how can we be in budget trouble?
- I am noticing a white-looking substance growing on my chimney where it got wet. What is that exactly?
- How much work is involved in starting and growing a permanent endowment fund?
