Fuel the Future of
Engineering

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 initiatives.

How to Create an Endowment in Four Easy Steps:

1. Give Us a Call

Start by contacting usto 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 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.

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 legacy.

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:

Designation Gifts

Simply name Texas Tech as a beneficiary of your will, retirement account, annuity, or other account.

Annuity Gifts

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.

Charitable Trusts

Support your alma mater and receive valuable tax benefits while continuing to provide for yourself or your loved ones.

Property Gifts

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.

Outright Gifts

• Cash/Checks
• Real Estate
• Personal Property
• Gifts-in-Kind
• Appreciated Securities

Deferred Gifts

• Bequests
• Retirement Accounts
• Life Insurance
• Charitable Gift Annuities
• Charitable Remainder Trusts
• Charitable Lead Trusts

Enhancement Endowments ($25,000 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 need.

Engineering Scholarships + Fellowships ($25,000 Minimum)

An endowed scholarship or gruaduate fellowship provides an ongoing and personal way for you to make a difference in the lives of Whitacre College of Engineering students.

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.

Chairs + Professorships ($500,000 Minimum)

Endowed  chairs and professorships are the highest honors that the college can bestow on a member of its faculty. These  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  chairs and professorships are a coveted and widely-recognized accolade, recognizing distinguished faculty members at the top of  their fields.

Professorships ($1,000,000 Minimum)
Endowed Chair ($2,000,000 Minimum)
Endowed Department Chair ($3,000,000 Minimum)
Distinguished Chair ($4,000,000 Minimum)