Endowments are of great importance because they provide a dependable source of revenue each year. While gifts made on an annual basis are important, they are more unreliable than an endowment because new funds must be secured each year. Endowments provide an annual base of income that can transform and sustain programs.
Endowments can be established to support undergraduate scholarships, graduate fellowships, professorships, chairs, programs, and facilities. When an endowment is established, the donor’s contribution is invested and never spent, the endowment’s earnings benefit the college in perpetuity.
Endowments are a wonderful way to establish a legacy in the name of the donor or to honor an individual. The funding level for endowments in the College of Engineering begins at $50,000 and varies depending on the purpose of the endowment.
To learn more about establishing an endowment with an outright gift or through an estate gift, please contact the College of Engineering Office of Advancement at 859-9395 or development@engr.uky.edu.