Endowments
An endowment is a permanent gift to the University. The endowment corpus holds your entire gift in a perpetual fund which grows forever in its ability to contribute to the University and your area of interest, as specified in the endowment agreement. Endowment gifts allow both the corpus – your original gift – and the income the corpus generates – to grow.
What level of gift is required to establish an Endowment?
Endowments may be cash gifts, pledged gifts, planned gifts or combination “blended” gifts. A minimum gift of $10,000 establishes an Endowment at the Health Science Center. Endowed faculty positions begin at $100,000.
Faculty Endowments
|
Gift Level
|
| President’s Distinguished University Chair |
$3 Million |
| Distinguished University Chair |
$2 Million |
| Distinguished Chair |
$1 Million |
| Chair |
$500,000 |
| Distinguished Professorship |
$250,000 |
| Professorship |
$100,000 |
| Fellowship |
$50,000 |
Scholarship Endowments
|
Gift Level
|
| Presidential Scholarship |
$50,000 |
| General Scholarship |
$10,000 |
You may take up to five years to fund an endowment pledge. For example, an endowment at the $10,000 level may be created in installments of $2,000 per year for 5 years.
We can assist in discussing gift options that best accomplish your personal goals, contact Saren Spicer, Planned Giving Officer, or call 210-567-2760 for more information.
How does an Endowment work?
Endowments are a key way Universities support their mission. Endowments can be used to enhance student curriculum, fund equipment needs, or support faculty leadership of an important new program or scientific study.
An endowment can support a stellar faculty member, allowing them to devote more time to areas of excellence in which they have superior expertise, from teaching, to research to highly specialized care. Endowments can provide support for an ongoing program or specific area of research, or support implementation of a new initiative.
Donors can identify areas of their unique interest and designate their endowment to support a specific area in our education, research, care, or community missions.
Endowments also can be named to recognize the donor, to honor a special area of interest, or to celebrate a loved one, a mentor, a colleague or a treasured friend.
Each year, the University provides the donor with a report of progress for the endowment purpose.
Endowments may be designated to a particular school, institute, center, or program or to support the President’s Excellence Endowment Fund. For more information about how to designate your endowment or for help with the wording, contact Saren Spicer or call 210-567-2760.
What are the tax benefits of Endowments and other gifts to the Health Science Center?
Endowment gifts are fully tax deductible but the specific tax and financial benefits a donor receives from their gift vary according to the type of asset you give and how you transfer your gift to the Health Science Center. You may be able to receive federal or state income tax benefits, avoid or reduce capital gains tax liability and qualify for estate or gift tax deductions. Donors are encouraged to discuss their plans with a trusted financial advisor or attorney to ensure maximum tax benefit for your personal circumstances.
Why are Endowments important?
An endowment is a permanent gift that provides one of the most secure sources of future revenue for this University to have cutting-edge research and vital support for students, faculty and programs.
Endowments are the most lasting way a donor can give. They forever benefit the missions of a university and ensure excellence in perpetuity. Endowments can be established to support student scholarships, recruit and retain distinguished faculty, provide lectureships, or enhance a world class research laboratory.
Strong endowments make great universities.
How is my Endowment gift managed?
The University of Texas Investment Management Company (UTIMCO) manages our Health Science Center Endowment Fund. Please contact Saren Spicer in the Office of Institutional Advancement for more information or visit UTIMCO at www.UTIMCO.org.