Endowment Giving
Endowments provide donors the opportunity to leave an indelible mark on the University and the world.
Establishing a permanent endowment fund speaks to a donor’s confidence in the University of North Georgia and an enduring commitment to the University's mission. By creating or supporting an endowment, your generosity not only impacts students today, but will continue to impact generations to come. Endowments allow the University the ability to plan for the future and to provide students and faculty with the resources they need to achieve their academic and professional goals.
FAQs
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An endowment is a fund established by a donor or donors who wish to support UNG and our students for generations to come. The establishing gift, or “corpus”, is not spent but invested and continues to grow as endowment appreciation is added. The appreciation provides funding to support scholarships, programs, or units designated by the donor.
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Endowments require a minimum gift of $25,000. However, the endowment corpus can be pledged and paid out over a period of up to five years. The endowment will not be placed into use until the fund reaches $25,000.
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Yes, your endowment gift can be designated to support general scholarships; scholarships for a specific area or college; specific programs like the Corps of Cadets, Athletics, the Library, or the Theater; chairs and professorships; facilities; or special initiatives. A Memorandum of Agreement (MOA) will be executed between the University of North Georgia Foundation and you, the donor, so that your wishes are reflected in the criteria for use of the funds.
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The UNG Foundation Board of Trustees sets the spending rate on an annual basis. This rate is based on a three-year rolling average of the endowment value in order to offset market fluctuations. The spend rate historically falls around 4% of the three-year average in order to allow the endowment to continue to grow.
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Endowment appreciation in excess of the spending allocation continues to be invested, allowing the fund to grow. Additional gifts may be made to the corpus at any time.
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Yes, UNG Foundation charges an annual 1% administrative fee to each endowed fund, which is a common practice among universities and foundations. This fee is taken from the appreciation at the beginning of each fiscal year, based on the June 30 balance.
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Faculty Endowments
Deanship: $2,000,000 minimum
Distinguished University Chair: $2,000,000 minimum
Chair: $1,000,000 minimum
Visiting Artist: $1,000,000 minimum
Professorship: $500,000 minimum
Visiting Scholar/Lecturer: $500,000 minimum
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Scholarship & Graduate Fellowship Endowments
Full Scholarship (in-state): $500,000 minimum
Tuition Scholarship (out-of-state): $500,000 minimum
Tuition Scholarship (in-state): $200,000 minimum
Room & Board Scholarship: $125,000 minimum
Full Fellowship: $500,000 minimum
Fellowship: $100,000 minimum
Scholarship: $25,000 minimum