Syracuse University

Questions? Contact:

Miguel SappMiguel A. Sapp
Executive Director of Development and Alumni Relations
210 Women’s Building
(315) 443-4556

masapp@syr.edu

Office of Program Development

Our Time Has Come Scholarship

How an Endowment Gift Works

AKAIn this step-by-step illustration, you’ll see how an endowment gift works, and the benefits that accrue to our students, and the donor.

1. An alumna makes a $50,000 gift (the minimum amount required for an endowment) to establish a named endowed scholarship in memory of her sorority.

2. A gift agreement is drafted between Syracuse University and the donor, guaranteeing that her gift will be added to The Syracuse Endowment and used solely for its stated purpose.

3. The donor’s named scholarship fund buys units in The Syracuse Endowment, much as one buys shares in a mutual fund.

4. The Board of Trustees’ Investment and Endowment Committee prudently invests the donor’s gift across major asset classes in the University’s portfolio to maximize long-term total return, within acceptable levels of risk.

5. A predetermined portion of the annual return (currently calculated as 3.84% of the average market value during the previous three fiscal years) is used to provide a scholarship for one music student per year. The fund’s principal remains intact.

6. The remainder of the annual return is reinvested in the named fund’s principal as a hedge against inflation and to generate growth.

7. The named fund continues to grow, ensuring future scholarship support.

A steady revenue stream allows Program Development to plan for future needs. And the donor has created a living legacy.

The example here is just one of the many ways endowment gifts can have an impact. In addition to scholarships, donors can endow faculty chairs or professorships or support academic programs, student activities, the library, athletics, or other programs or departments.

To learn more about creating an endowment at Syracuse University with a gift, pledge, or bequest, contact us.