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Endowed Gifts
The University has established the following guidelines for endowed gifts. In each category below, dollar figures represent the minimum amounts needed for named endowments. The minimum amount for any endowed fund is $10,000. However, no award will be given until that fund reaches $15,000. Presently, the income available for awards from endowed funds is 5% per year.
|
Minimum Contribution |
Income per year |
|
College or School |
$ 5 million |
$ 250,000 |
|
Department |
$ 3 million |
$ 150,000 |
|
Center or Institute |
$ 1 million |
$ 50,000 |
|
Chair |
$ 1 million |
$ 50,000 |
|
Professorship |
$ 250,000 |
$12,500 |
|
Fellowship |
$ 10,000 |
Award at $ 15,000 = $ 750 |
|
Scholarship |
$ 10,000 |
Award at $ 15,000 = $ 750 |
- from "Fund-Raising Policy, University of South Carolina Bicentennial Campaign" p.40. USC Development Office. www.sc.edu/development
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