A gift of an endowment establishes a named fund that is invested by the University. Only a portion of the fund’s investment returns is expended for the purpose you designate, ensuring the fund will grow in perpetuity. An endowed fund can be established within the George Washington University Libraries with a donation of $100,000 or more which may be given over a period of up to five years. Gifts can be added to the endowment at any time to increase the fund after it is established.
Although there are many different endowment opportunities, the following examples help illustrate the concept – and the possibilities:
- Endowed acquisition or preservation fund can be established with a minimum gift of $100,000. Income from the endowment is used to support the acquisition of books and other materials and the preservation of existing collections.
- Endowed librarianship can be established with a minimum gift of $2.5 million. Income from the gift is used to support the compensation of a specific collection librarian.
- Endowed graduate fellowship can be established with a minimum gift of $500,000. Income from the gift is used to provide a stipend and tuition assistance to a full-time graduate student working in the Libraries.
- Endowed fund for education or research can be established with a minimum gift of $100,000. Income from the endowment is used to support educational programs or research in a discipline or field designated by the donor.
For more information about establishing an endowed fund to benefit the George Washington University Libraries, please contact Tracy Sullivan, Director of Development, at (202) 994-8928.