Endowments

An endowment is a permanent fund, invested for growth and income. Its purpose is to provide a perpetual source of income. Endowment funds are important to Texas Tech because they relieve the University from having to raise every single dollar it needs every single year. They provide income that the College of Arts and Sciences can depend on. They support undergraduate scholarships, graduate fellowships, professorships and research funds. They build the bulwark for everything the college must do: recruit the best students and faculty, generate trailblazing research and work for a better world.

By generating a steady stream of income while leaving the principal untouched, the endowment makes it possible for the college to respond to unforeseen opportunities and weather the ebb and flow of state funding, tuition income and federal government grant making.

Endowments can be restricted or unrestricted. The donor of an endowment fund names the endowment and can specify its purpose. Donors who establish an endowment fund in the college receive updates on the fund's financial performance as well as its usage. The donors' heirs may also receive these reports.

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Endowment Annual Spendable

 

Creating Named Endowments

Undergraduate Scholarship

With over 8,000 students, the College of Arts & Sciences is the largest college at Texas Tech. The college was only able to offer support to about 30% of our students this past year. The need for increasing scholarship support has never been greater as the cost continues to increase at all universities. By creating a named endowment, the donor will be able to establish the criteria for choosing a student.

(Minimum giving $25,000)

 

Graduate Fellowships

The College of Arts & Sciences needs new graduate fellowship support to compete successfully for the most promising graduate students, who in turn contribute to the university's reputation as one of the nation's premier research and teaching institutions and to the recruitment and retention of top faculty. Flexible fellowship support can leverage state-funded stipends to raise the total fellowship award available to top students. In this way, fellowship support enables academic departments in the college to recruit their best and brightest candidates.

(Minimum giving $50,000)

 

Chairs and Program Directors

Endowments for faculty chairs and program directors provide academic leaders the critically needed monies to support the work of their departments and programs in the teaching and learning of students.

(Minimum giving $1 million)

 

Professorships

Professorships enable Texas Tech to recruit, retain and support outstanding faculty. These endowed funds supplement faculty salaries as well as provide support for course development, research, graduate assistants and equipment.

(Minimum giving $500,000)

 

Associate Faculty Professorships

Associate Faculty Endowed Professorships are used to recognize mid-career faculty who are "rising stars" in their discipline. The endowment recognizes their achievement and supports their continued research and scholarship. The recipient would hold the named position until receiving promotion to professor. The candidate will have demonstrated strong research and leadership skills and will be highly regarded nationally and internationally among his/her peers.

• Humanities: Associate Professorship $200,000
• Social Sciences: Associate Professorship $250,000
• Sciences: Associate Professorship $300,000

Assistant Faculty Professorships

Assistant Faculty Endowed Professorship are used to recruit strong junior faculty and is an endowment the candidate holds until receiving tenure. The candidate will have demonstrated strong research and potential leadership skills and will be highly regarded among his/her peers.

• Humanities: Assistant Professorship $100,000
• Social Sciences: Assistant Professorship $150,000
• Sciences: Assistant Professorship $200,000

For more information, please contact the College of Arts & Sciences Development Office. 806.742.3847