Imagine making a contribution that leaves a legacy to the College of Engineering for many generations to come. Such a lasting impact can be easily made by establishing an endowment of your own. By establishing a named endowment fund, you will enable the college to support excellent students, teachers, and programs by providing a steady and permanent source of income.
Here's how it works: After your fund has reached the $50,000 minimum balance, which can be pledged over a five-year period, a portion of the interest income earned on the principal is annually distributed in the form of scholarship/fellowship dollars, research support, etc., depending on your designation. As the balance of your fund increases over time, so does the income available for your award. The remainder of the interest income earned then builds the principal.
If you would like additional information on establishing a named endowment fund, please contact us by email email@example.com or phone (517) 355-8339.