Charitable gifts are vital to the future of the Whitacre College of Engineering. They
are essential to the abundance of opportunities we can provide to students and they
are necessary to the prospects for research and discovery on our campus.
Your gifts allow us to:
Attract and retain the most accomplished students and faculty.
Expand and improve facilities.
Provide much needed financial assistance to undergraduate and graduate students.
Conduct research that impacts students, industry, our communities and the world.
Few gifts are as rewarding as those made to education and we encourage you to consider
making a gift to the Whitacre College of Engineering.
The society is named after the central point on campus for the college, the Engineering
Key. The Engineering Key is a symbolic nucleus for our faculty and students' collaborations
that result in excellent scholarship and groundbreaking research.
Engineering Key Society Members are:
Individuals who make annual gifts of $1,000 or more to the Whitacre College of Engineering,
Undergraduate alumni who have graduated within the last decade are members of the
Key Society at a reduced annual gift amount of $500,
Individuals who have made a planned gift to the college,
Organizations and individuals who have established an endowment in the college,
Organizations and individuals who have made cumulative gifts to the college of more
Estimated Annual Payout (Based on 4.5%)
Endowment Payout Chart
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 college fund its
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.
2. Decide on the Type and Purpose of your Fund
There are several endowment types to choose from which 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 or 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.
What Is A Planned Gift?
A planned gift is any major gift, made in one's lifetime or at death, which is part
of a donor's overall financial and/or estate planning. They are crucial investments
in the future of our college and provide an opportunity for you to leave a lasting
Gifts may be unrestricted to benefit the entire college or may be designated to support
the department or initiative of your choice.
Include Texas Tech in your financial planning using one of the following planned gifts:
Simply name Texas Tech as a beneficiary of your will, retirement account, annuity
or other account.
Give and get back with an annuity gift that supports the program of your choosing
today and enables you to receive a guaranteed income for life.
Support your alma mater and receive valuable tax benefits while continuing to provide
for yourself or your loved ones.
Share your assets by making a gift of real estate, securities or other property as
part of your support of the Texas Tech University System.
What Type of Gift Can You Give?
Charitable Gift Annuities
Charitable Remainder Trusts
Charitable Lead Trusts
Endowed Giving Opportunities
Enhancement Endowments ($10,000 Minimum)
These endowments can be established within an academic department or for the college.
Funds from these named endowments will be used for the department or college's greatest
Engineering Scholarships ($25,000 Minimum)
An endowed scholarship provides an ongoing and personal way for you to make a difference
in the lives of Whitacre College of Engineering students.
Graduate fellowships and endowments provide for tuition, work stipends and living
expenses for graduate students so they may focus more fully on the demands of their
coursework and research.
Faculty Fellows ($250,000 Minimum)
Faculty members appointed as Faculty Fellows have proven their leadership within the
college through new and exciting educational and research initiatives. Faculty Fellows
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 high-profile engineers and scientists on the
Texas Tech campus and will stimulate discussion on key engineering issues. These events
have the potential to provide an excellent learning opportunity for Texas Tech faculty
and students. The endowment will support honoraria, publicity, and travel expenses.
Professorships ($500,000 Minimum)
An endowed professorship is one of the highest honors that the college can bestow
on a member of its 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.
Endowed chairs help continue a tradition of excellence in engineering education as
they provide long-term financial stability. Endowed chairs also supply the means to
attract, retain and honor distinguished faculty members.
Contact the Whitacre College of Engineering Development Office for more details or