An endowed fund can transform the lives of current and future Ichabods by providing scholarships, supporting fellowships, research and professorships, and providing campus improvements.
A donor may endow a fund through either outright or deferred gifts and may name it after themselves or in honor of someone else. The Washburn University Foundation will work with each donor to establish an endowed fund and administer it according to the policies approved by the Board of Trustees.
Donors have up to five years to reach the minimum principal amount of $25,000 as required to name an endowment. The Foundation assumes the responsibility of investing these funds and keeping financial and award records. The Foundation also maintains the endowment funds in perpetuity and makes the net income available on a regular basis to be distributed according to donor wishes.
An endowed fund can be created by:
- Donating cash;
- Donating securities;
- Creating a planned gift;
- A combination of these options.
To discuss how to establish an endowed fund to benefit Washburn University, please contact us.