Scholarships & Endowments
Endowment funds are critical to the mission of the University of the Arts and have supported a wide array of needs since the University was founded. Contributions to the endowment may be unrestricted or may establish a designated account that is invested according to the University’s endowment fund policy. The endowment principal is preserved, while the market earnings are disbursed to fund University programs or projects in keeping with the donor's designations. Some portion of the earnings may also be reinvested in the endowment.
You can establish an endowment at the University of the Arts as a legacy for the benefit of the institution through a variety of means. One of the most meaningful gifts of endowment funds is for the establishment of a named scholarship. By creating or contributing to an endowed scholarship, donors ensure that the exceptional talent and artistic ambition of our students are given the chance they deserve to develop and thrive.
Whether you choose to make a contribution to the endowment for the establishment of a scholarship or for some other purpose, the University of the Arts maintains the following general guidelines:
- The minimum-size gift to establish an endowment is $25,000. This can be paid over a period of up to five years.
- You may establish an endowment in your own name, in the name of your family business, or in honor or in memory of someone important to you.
- You may specify how the endowment income will be used. You can direct the income to a particular school, college, department or program. If you so desire, you may limit the use of funds to a specific purpose such as scholarships, research, programs, maintenance, or equipment or library purchases.
Endowment gifts can be funded through a variety or combination of means, some of which may offer significant tax benefits, including:
- Securities, Real Estate
- Will Bequest
- Testamentary Trust Provision
- Life Insurance
- Charitable Trust
- Gift Annuity
- Pooled Income Fund
For more information, please contact:
Acting Executive Director of Advancement