The creation of an endowment gives alumni and friends the chance to help shape Miami University now and in the future. Endowments provide a source of income in perpetuity and can be unrestricted or focused depending on the interest and passion of the donor.
An endowment is a permanent fund that supports an area of the university specified by a donor or group of donors. The principal of the gift - which can be given either with a one time gift or gifts made over a period of years - is invested and grows over time. These endowments then provide a constant stream of income each year. A portion of that income is then available to help offset educational costs not covered by the State of Ohio or through tuition dollars.
The most common types of named endowment funds are:
- Scholarships: Need and merit based endowed scholarships help make a Miami education more affordable for today's best and brightest students
- Professorships: Allows Miami to compete nationally in the very competitive world of recruiting young faculty and scholars. As the nation's pool of Ph.D. candidates shrinks, endowed professorships allow Miami to recruit top talent and the next generation of Miami faculty.
- Chairs: Miami University will lose fully 50% of its tenured track faculty over the next ten years. Endowed chairs allow the university to retain and promote assistant and associate professors, and to recruit leading full professors from other institutions.
- Libraries: Miami University must have the resources and materials needed so that today's students and faculty can compete in a 21 st century global environment. Endowed funds for Libraries help to preserve the quality and reputation becoming of a leading university.
An endowment can be created using a variety of assets - cash, appreciated securities, real estate, other property that can be liquidated.
Additionally, deferred gifts or bequests can also be used to establish an endowment. A member of Miami University's Office of Gift Planning should be contacted if a donor or his/her advisor would like more information on establishing an endowment using a deferred gift.
The minimum financial commitment needed to establish an endowment at Miami University is $25,000. However, there are a variety of already established endowments that donors can add to or invest in at any time that do not require any minimum gift level.
Alumni and Friends as well as their advisors who are interested in establishing an endowment or learning more about how endowments benefit Miami University should contact the Office of Development, (513) 529-1230, email MUDevelopment@MiamiOH.edu.
For more information, please contact:
Senior Associate Vice President
|Mackenzie Becker Rice '99
Director of University Advancement Administration / Assistant Executive Director to the Miami University Foundation