Texas Tech University

Create a New Endowment

What Is An Endowment?
An endowment is a fund that permanently supports an initiative chosen by the donor. The endowment principal remains intact in perpetuity, while its earned interest provides funds as designated by the donor that serve as crucial elements in student and faculty recruitment and retention.

Perhaps the most rewarding aspect of establishing an endowment is that it allows you to directly accomplish your philanthropic goals while helping the School of Art fund its initiatives.

How to Create an Endowment in Four Easy Steps:

1. GIVE US A CALL
Start by contacting us to discuss your charitable or estate-planning goals.
Lydia Thompson, Director, School of Art (806-742-3826)

2. DECIDE ON THE TYPE AND PURPOSE OF YOUR FUND
There are several endowment types (see below) to choose from that allow you to give in a way that is most meaningful to you. Examples are funds for the area of greatest need, scholarships, fellowships, academic programs, laboratories and facilities, professorships, and chairs.

3. DETERMINE WHEN AND HOW MUCH TO GIVE
Minimum gift levels for the various types of endowments are listed below. Pledge payment schedules can be set up for three to five years.

4. NAME YOUR FUND
Many donors choose to name their fund with their name, their family's name, or as a memorial to a loved one. If you wish to remain anonymous, we suggest you select a name that reflects your fund's academic goal.

IT'S THAT SIMPLE!
Once the gift agreement is signed and the endowment is funded, annual payouts from the earnings will be used toward the stated purpose and will continue in perpetuity while leaving the principal intact. We will send you fund activity reports annually to keep you informed.

Types of Endowments

ENHANCEMENT ENDOWMENTS ($10,000 MINIMUM; $25,000 SUGGESTED)
These endowments can be established within The School of Art. Funds from these named endowments will be used for the department's greatest needs.

UNDERGRADUATE ART SCHOLARSHIPS ($10,000 MINIMUM; $25,000 SUGGESTED)
GRADUATE ART STUDENT SCHOLARSHIP ($25,000 MINIMUM)
An endowed scholarship provides an ongoing and personal way for you to make a difference in the lives of School of Art students.

FACULTY FELLOWS ($250,000 MINIMUM)
Faculty members appointed as Faculty Fellows have proven their leadership within the university through new and exciting educational and research initiatives. Faculty Fellows in the School of Art receive a discretionary stipend and may use the named fellow as part of their title.

LECTURE SERIES ($250,000 MINIMUM)
An endowed lecture series will feature nationally and internationally recognized artists and scholars on the Texas Tech campus to stimulate discussion on key issues in the arts. These events have the potential to provide an excellent learning opportunity for Texas Tech faculty and students. The endowment will support speaker's fees, travel, lodging and meals, and publicity.

ARTIST IN RESIDENCE ($250,000 MINIMUM)
An endowed artist in residence will feature nationally and internationally recognized artists on the Texas Tech campus to stimulate discussion on key issues in contemporary art. These events have the potential to provide an excellent learning opportunity for Texas Tech faculty and students. The endowment will support artist's fees, travel, lodging and meals, and publicity.

PROFESSORSHIPS ($500,000 MINIMUM)
An endowed professorship is one of the highest honors that the University can bestow on a member of the faculty. These professorships play a critical role in attracting and retaining proven thought leaders who can drive Texas Tech's mission and high standard for excellence. Within academia, endowed professorships are a coveted and widely-recognized accolade, recognizing a colleague at the top of his or her field.

CHAIRS ($1,000,000 MINIMUM)
Endowed Chair ($1,500,000 Minimum)
Departmental Leadership Chair ($2,000,000 Minimum)
Distinguished Chair ($4,000,000 Minimum)
Endowed chairs help continue a tradition of excellence as they provide long-term financial stability. Endowed chairs also supply the means to attract, retain, and honor distinguished faculty members.

Contact Us
Lydia Thompson, Director, School of Art (806-742-3826)
Robin Phillips, Director of Development, J.T. & Margaret Talkington College of Visual & Performing Arts (806.834.7353)