How are endowments established?
Endowments are wonderful opportunities to create lasting legacies. A donor’s gift is invested and the interest earned is used to support a designated project, such as a scholarship, chair or research program. At present, the University’s endowment policy is to award annually the interest earned to a maximum of the equivalent of five per cent of the capital. Any additional interest earned is recapitalized to ensure the fund grows in perpetuity. We would be pleased to discuss endowment opportunities and the amount of funds required. The amount will vary and is dependent on the specific designation. Once a donor has decided to create an endowment, the U of C will prepare an endowment agreement detailing the terms of the gift. We ask that the donor sign the document as confirmation of understanding.
