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An endowed fund is a fund whose principal remains intact while each year an annual pay out is made in accordance with the donor's wishes. The portion of the capital appreciation that is not paid out is reinvested in the principal of the fund. In this way, the real value of the fund grows over time and provides ever-increasing support for the program designated by the donor.
An endowed fund enables a donor to remain close to the benefiting program and share in its milestones. Because of their permanence and honorary nature, endowed funds often create significant emotional rewards through successive generations of a family. Because endowments support faculty who are considered leaders in their fields, they create an environment of high quality and scientific vision, in addition to the prestige shared by the holder, the donor and the University.*
*From the UCSF Foundation
| Type of Endowment |
Uses |
Minimum |
Income |
| General Endowment |
Donor may designate income to be used for restricted or unrestricted purposes in support of a specific program or individual. |
$50,000 |
$2,500 |
| Graduate Scholarship |
Tuition, books, and living expenses |
$100,000 |
$5,000 |
| Research Fund |
Support for faculty or graduate student: materials, equipment, and publication expenses. |
$100,000 |
$5,000 |
| Lectureship |
Travel, accommodation expenses, and honoraria for visiting speakers. |
$100,000 |
$5,000 |
| Graduate Fellowship |
Tuition, books, research costs, and living expenses. |
$200,000 |
$10,000 |
| Faculty Fellowship |
Additional support for junior faculty members. |
$250,000 |
$12,500 |
| Chair |
Salary or stipends for assistants, equipment, publication costs, conference attendance, and augmentation of existing state-supported salary and benefits; will normally be awarded for an existing position. |
$500,000 |
$25,000 |
| Endowments for Excellence |
Designed by the donor to provide support for exemplary positions and programs. |
$1,000,000 |
$50,000 |
| Distinguished Professorship |
Same as "Chair," except that this type of endowment represents the highest level of recognition for excellence at UCSF, and enables the university to attract and retain the most outstanding faculty. Can be used for base salary support. |
$2,500,000 |
$125,000 |
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