Establishing an Endowment at the University of the Arts
Endowment funds are critical to the mission of the University of the Arts and have supported a wide array of needs since the University was founded. Contributions to the endowment may be unrestricted or may establish a designated account that is invested according to the University’s endowment fund policy. The endowment principal is preserved, while the market earning are disbursed to fund University programs or projects in keeping with the donor's designations. Some portion of the earnings may also be reinvested in the endowment.
You can establish an endowment at the University of the Arts as a legacy for the benefit of students through a variety of means. For example, you may enter into a formal scholarship endowment agreement with the University that will stipulate the scholarship's name, criteria for student selection and specific provisions for income distributions.
An endowment at UArts has the following features:
- The minimum-size gift to establish an endowment is $25,000. This can be paid over a period of up to five years.
- You may establish an endowment in your own name, in the name of your family business, or in honor or in memory of someone important to you.
- You may specify how the endowment income will be used. You can direct the income to a particular school, college, department or program. If you so desire, you may limit the use of funds to a specific purpose such as scholarships, research, programs, maintenance, or equipment or library purchases.
Endowments can be funded through a variety or combination of means, including:
- Securities, Real Estate
- Will Bequest
- Testamentary Trust Provision
- Life Insurance
- Charitable Trust
- Gift Annuity
- Pooled Income Fund
For more information, please contact:
Mira C. Zergani
Assistant Vice President of Development