Funding an endowment is perhaps one of the most selfless and charitable acts of philanthropy an individual or a company can make. Creating an endowment requires a minimum gift of $10,000. The donated funds are managed by The University of Texas at Austin Investment Management Company (UTIMCO) and the principal is never spent. Rather, annual distributions from endowment earnings are used to support the purpose for which the endowment was created.
Establishing a named endowment means your generosity will support the college every year. Endowment size is unlimited, but as stated before, the minimum donation is $25,000, payable over several years. All endowments may be named according to the donors wishes.
The following list details the funding levels for all endowment opportunities:
Friends of Alec Life Membership Endowment
From $10,000
Establish a Life Membership through the FOA Annual Giving Program to be used for scholarships, or to benefit a department or School program.
Endowed Excellence Fund
From $25,000
Unrestricted endowments, either college wide or for a certain department, are one of the most important sources of funding as they allow for maximum flexibility.
Endowed Undergraduate Scholarships
From $50,000
There is intense competition at the undergraduate level to recruit the most outstanding young engineers to our program. We have seen over the past 6 years a steady increase in the average SAT score of our entering freshmen. This means two things – first, by enrolling the top students in the nation, we are positioning the School to be ranked among the best in the Unites States. This also means that as the number of top students increases, so too must our resources to recruit them and award them through scholarship.
Endowed Presidential Scholarship (EPS)
From $100,000
Endowed Presidential Scholarships, similar to endowed scholarships, help to promote excellence within the School. Annually, we host the Endowed Presidential Scholarship Dinner to honor the donors and the outstanding recipients of these prestigious awards.
Endowed Faculty Fellowship
From $250,000
Granted to the most promising junior faculty members, this endowed fund provides major incentives to attract and to retain those who will become tomorrow’s leading teachers and scholars. Faculty Fellowship funds are awarded for up to five years, providing support to encourage innovation in teaching and research, thereby nurturing the professional advancement of the named faculty member during the critical pre-tenure years.
Endowed Graduate Fellowship
From $200,000
The importance of attracting outstanding graduate students is critical to the success of our mission. Financial incentives are often the difference in persuading outstanding students to attend graduate school in high-demand disciplines such as Engineering. To attract the best and brightest, a named fellowship endowment is most effective, as it will fund a graduate student throughout his advanced education.
Endowed Faculty Professorship
From $500,000
Distributions from this endowment are used to support an outstanding faculty member in a specific engineering department and ensure that such individuals have the resources necessary to remain at the forefront of their fields and to lead teaching and research efforts in areas important to the future of their department.
Endowed Faculty Chair
From $2,000,000
Designed to provide resources to scholars of eminent stature and key leaders of departments and programs, a named faculty chair is the most prestigious endowment a Professor can hold. A named chair holder represents excellence within his or her field of research. The chair holder will inevitably draw outstanding students to his or her program, stimulate innovative research, mentor younger faculty and aggressively seek leveraged funding from government and industrial sources.