An endowment fund creates a permanent funding source that advances the university by enriching student education. These customizable gift agreements open the door for a donor’s gift to impact students not only today but for generations to come.
When you create an endowed fund, your initial gift is invested, and a percentage is paid out annually in support of the fund’s purpose, while any earnings in excess of this distribution can be added back to the corpus so the fund may grow over time. As the value of the fund grows, more monies are available from the fund to support the fund’s purpose: scholarships, programmatic support, research and other purposes such as patient care and education. Endowment funds permit our donors to create a permanent philanthropic legacy designed to perpetually benefit a given college or purpose as designated by the donor. Endowments start at $25,000.
Donors can also establish an unrestricted endowment, dedicated to helping UK advance. These unrestricted funds give UK flexibility to focus on its goals, whether it is advancing research, offering more scholarships, increasing community outreach or offering a lecture or arts series on campus.
To learn more about endowment possibilities, including minimum giving levels and areas to support, contact us at (800) 875-6272, (859) 257-3911 or philanthropy@uky.edu .
