Endowments create meaningful legacies. They provide a steady, predictable, and perpetual source of income, enabling the university to attract and support excellent students and faculty, support innovative research, and expand and develop new programs. They represent a long-term investment in the future of the University of Alberta and create a lasting legacy for the donor.
Expendable vs. Endowed gifts
There are two types of gifts to the University of Alberta: expendable gifts and endowed gifts. In both cases the donor can decide where to direct the money.
- An expendable gift is allocated immediately to its intended purpose and has an immediate impact.
- An endowed gift is invested in perpetuity and a portion of the investment earnings are allocated to the purpose of the gift.
Planned gifts, also known as bequests (where a donor leaves a gift to the university in their estate), can be either expendable or endowed.
Creating an Endowment
A minimum gift of $50,000 is required to establish a new endowment. A new endowment can be funded over a period of up to five years by, for example, donating $10,000 per year for five years.
A gift of any amount can be added to an existing endowment.
For more information, please contact the Augustana Development Office Team:
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