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.

For additional information about types of endowments, go to TTU OP 02.08

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)