Endowments

You will help secure the infrastructure of the college through an endowment, which supports faculty, students, and academic programs in perpetuity.

As named funds, they also are legacies to your generosity or to whomever you wish to honor. The principal of the fund is never used; the endowment provides a steady source of funds, based on the interest income it generates.

Illinois has been building endowments only for a few decades. In 1980, the endowment for all three campuses that constitute the University of Illinois system stood at only $50 million. Through a successful campaign in the early 1980s, and another in the 1990s, that amount in 2007 is over $1.787 billion. A million dollar endowment yields about $40,000 in income each year.


Types of Endowment Funds

Endowment Fund Name 

Endowed Faculty Chair

 
  • Enables the college to attract and retain professors of proven brilliance.
  • Income may be used to provide salary support and much of the professor's specific teaching and research expenses.

Endowed Professorship

 
  • Helps the college attract and retain promising professors early in their careers. This is one way to ensure the continued quality of the college's faculty.
  • The income may be used to augment the professor's salary or support the professor's scholarly and research needs.

Endowed Fellow

 
  • Enables the college to invite scholars and others who have distinguished themselves in their fields to visit campus and share their expertise with students and faculty for variable periods of time. Income will be used to provide stipends to visiting fellows.

Endowed Research Fund

 
  • Support research activities in the college.
  • Income may be used to purchase such things as laboratory equipment, research materials, computer equipment, or pay for staff support.

Endowed Graduate Fellowship/Assistantship

 
  • Allow faculty and students to interact with distinguished leaders who are influencing disciplines, society, the nation, or the world.
  • Income from the fund is used to provide the resources to cover the expenses of bringing such speakers to campus.

Endowed Lecture Series

 
  • Allow faculty and students to interact with distinguished leaders who are influencing disciplines, society, the nation, or the world.
  • Income from the fund is used to provide the resources to cover the expenses of bringing such speakers to campus.

Endowed Undergraduate Scholarship

 
  • Helps the college to attract the finest undergraduate students. These scholarships are awarded on the basis of academic merit.
  • Income will be applied toward the selected student's tuition.

Securities

Gifts of common stocks, bonds, mutual funds, or other appreciated securities may be made to the college. Depending on the circumstances, the securities will either be managed or liquidated to achieve your goals. A popular benefit of such a gift beyond the charitable income tax deduction is that, in most cases, capital gains tax on the appreciation of the securities can be avoided.

Property

Gifts of real estate and many other properties of value may be given to the college as well. These gifts can often receive the same tax treatment as gifts of securities: no capital gains tax plus deductibility at fair market value.