How An Endowment Works
A donor gives to the Foundation to establish a named endowment in an area of his or her passion.
The minimum amount for a Foundation Endowment is $10,000, while the minimum for Centennial Endowment recognition is $15,000.
The donor works with the Foundation to develop criteria for the endowment and guidelines for the distribution. An endowment agreement is signed by both parties.
The gift is entered into the ECU Foundation Endowment fund.
The Foundation’s Investment committee invests the donor’s gift in accordance with the Foundation’s investment objectives to maximize returns and minimize risk.
A portion of the earnings on the invested funds will be used for distribution as outlined in the agreement,, while the fund’s principal amount remains intact.
By reinvesting the remainder of the earnings, the endowment continues to grow and is protected from inflation, providing annual support to ECU’s students/faculty/staff for decades to come.
To view an example of an endowment agreement, please click here. For more information, please call John Hargrave at 580-559-5514 or Buffy Lovelis at 580-559-5655.