What Your Gifts Can Support

Annual Fund drives support specific projects and programs and are subject to change in any given year.

Capital Campaigns are organized around a particular goal and strategy, and may support buildings, services, additions, etc., and usually continue for a number of years and have a finite goal.

Naming an Endowed Scholarship is one way to make a serious impact on the life of UMF students. For a gift of $25,000, a student could receive a scholarship for approximately $1,250 each year, with only a percentage of the interest being used for the annual award; thereby assuring an award into perpetuity. Once a named gift is endowed, subsequent gifts in lieu of birthday or holiday gifts can be added to the endowment.

A Restricted Fund can be established for a minimum gift of $10,000 from which an annual gift of $2,000 would be awarded until the principal is depleted. This type of fund could then be immortalized via a bequest to reach the minimum endowment level.

A Named Chair endows a position that enables UMF to supplement its academic and research programs by attracting distinguished scholars to its campus. A Named Chair may be established by an endowment gift of $1,000,000 minimum or an acceptable program of annual grants of at least $50,000 per year for a period not exceeding five years, together with evidence that the donor has arranged for the balance of the minimum endowment and has made necessary changes in the estate plan to cover contingencies. The income from the fund will be dedicated to support the Chair’s salary, and where appropriate, support services for the position.

Named Professorships are endowed positions that, through salary enhancement, allow UMF to recruit and retain outstanding faculty and scholars. A Named Professorship may be established with a minimum gift of $250,000, or an acceptable program of annual grants of at least $12,500 per year for a period not exceeding five years, together with evidence that the donor has arranged for the balance of the minimum endowment and has made necessary changes in the estate plan to cover contingencies. The income from a annuity Professorship will be added to the base salary of the person holding the Professorship. In some situations, a portion of the income may be allocated by the University to provide equipment, technical and clerical assistance, travel, and other auxiliary support for the Professorship.