Endowed Funds

Endowed funds are different from other funds in that they are truly the “gift that keeps on giving.” The total amount of the gift is invested by the UM Foundation and the scholarship award to a UMR student is made based on payout of interest. In other words, it is a perpetual gift: the interest is used to support the university while the principal continues to grow. Endowments to UMR ensure our growth long-term commitment to students.

The minimum required to establish an endowed scholarship at UMR is $25,000 which may be paid over 5 years.

The President’s Scholarship Match

Because scholarships are such an important part of providing the opportunity to succeed, the University is offering a rare chance to double the impact of your gift.

Here’s how it works

• Gifts of $25,000 or more that meet qualifications are eligible.
• The gifts are then used to create an endowment fund at the University Minnesota Foundation.
• Approximately 4.5 percent of the fund’s market value is paid out each year to fund the scholarship. Each year, the University matches this payout to double the impact of the gift.

Remember

• Employers’ matching gifts may be used to meet the minimum
• Gifts may be paid over five years
• Several individuals may work together to make a gift of $25,000 and be eligible for the match.

• Scholarships that can be renewed are the most helpful in recruiting students and provide an ongoing incentive for them to do well.

UMR’s Endowed Scholarships

• Women Supporting Success through Education (2/02)
• H. Bryan Neel III Health Sciences Education (6/03)
• RAAFUM UMR (7/03)
• Jim and Sue Clausen UMR (12/03)
• Dick and Nancy Knowlton (10/04)
• Lara E. Fischer (12/04)
• Jim and Carmen Campbell/Wells Fargo (2/05)
• Neil P. Anderson (7/05)
• Dr. John L. and Marilyn D. Stewart (11/05)
• John and Rita Hunt (12/05)
• Margaret and Robert L. Benson (12/05)
• Dr. Joseph A. and Josephine W. Gibilisco (8/06)
• Gregg S.K. and Laverne F. Orwoll (8/06)
• James and Joyce Talen/Eastwood Bank (12/06)
• David E. and Valerie Halverson Pace (1/07)
• Gus and Ann Chafoulias (5/08)