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Endowment Levels

An endowment creates financial stability, allowing NC State to be less dependent on unpredictable sources of revenue, such as research sponsorship, state and national government aid. The recently concluded Campaign for NC State Students allowed NC State and the university-related foundations to greatly increase the endowed funds for scholarships and fellowships.

An endowment is created through the establishment of a permanent fund that is invested and managed. A portion of annual income generated is used to carry out the donor's designated purpose. Income earned in excess of the annual amount spent is added back into the endowment so that it continues to grow and maintain its purchasing power for future generations.

You do not have to be wealthy to establish an endowment, as there are a variety of ways to fund your commitment. Outright gifts and planned gifts such as charitable trusts and will bequests are popular ways to fund the initial endowment or add to it in later years. Donors often fund endowments as a single gift or in the alternative; they spread the payments over several years in the form of a pledge. Endowed funds can become family traditions, with succeeding generations adding gifts to the principal established by a founding donor.

Gifts for scholarship and fellowship endowments provide many opportunities to merge our donors' desire to promote and enhance the University with the needs and objectives of NC State. In order to guarantee that the income from an endowment will be sufficient to achieve the donor's goals, minimum support levels have been established. Following are just a few of the categories and minimum support levels for endowments:

To Support Students
Undergraduate/Professional Scholarship Award:
to provide partial support for a student in an undergraduate or professional program
Minimum $ 15,000

Undergraduate/Professional Scholarship:
to support a named scholarship for a student in an undergraduate or professional program.
Minimum $ 25,000

Merit Awards Program Scholarship:
to provide a merit/no-need scholarship for an entering freshman to recognize exceptional academic ability and talent.
Minimum $ 50,000

Athletic Scholarship:
to provide support for a student-athlete in a varsity sport.
Minimum $100,000

To Support Faculty

Endowed Faculty Award:
Endowment to provide supplemental support to faculty for needs arising from their teaching/research or extension responsibilities. Does not qualify for matching funds from the State.
Minimum $100,000

Endowed Faculty Enhancement Fund:
Endowment to provide flexible support for faculty to assist them with their research, teaching, and /or extension responsibilities. Does not qualify for matching funds from the State.
Minimum $250,000

Endowed Assistant Professorship:
Endowment to provide resources to attract or retain exceptional junior faculty with salary supplements and support during their early careers. May qualify for matching funds from the State.
Minimum $500,000

Endowed Professorship:
Endowment to provide salary supplements and other resources to attract and retain highly respected scholars. May qualify for matching funds from the State.
Minimum $1,000,000

Endowed Chair:
Endowment to provide salary and operational support enhancements to attract or retain eminent scholars. May qualify for matching funds from the State.
Minimum $2,500,000

African American Culture Center/Women's Center
At least three quarters of the endowment must be unrestricted to ensure flexibility for the overall enhancement of the institute, program or center.   Minimum $1,000,000