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Ashland University Endowed Funds and Scholarships

Endowments

Endowments are gifts that have been given to the University by an individual, group of individuals, or corporation with explicit instructions indicating the donor’s intent.  The value of the gift is invested and held in perpetuity. The principal is never spent and remains intact.

Endowments are permanently invested by the Board of Trustee’s Investment Committee.  A portion of the income generated by the investment is used for the purpose the donor wishes to support.  The remaining portion of the income is reinvested each year, enabling the endowment principal to grow. This ensures the endowments “spending power” against inflation and provides a permanent stream of income over time.

The Ashland University endowment policy provides for an annual distribution of up to 5% of a 3-year rolling average of the endowment market value.  Only the Board may approve distributions from the endowment which are spent to support University’s scholarships and activities.

Establishing a named endowment creates a permanent legacy for donors or can serve as a thoughtful and lasting tribute to a family member or favorite professor.  A gift to create an endowment may be made in the form of a multi-year pledge, with gift payments made throughout and up to five (5) years. The minimum gift to establish an endowment is $25,000.

We invite you to learn more about the many types of endowments available to support your area of interest.  Endowments pave the way for others who will give back to their communities and sustain the Ashland legacy.

Types of Endowments

Student Endowments

Gifts that fund undergraduate scholarships make it possible for Ashland to attract and retain the best students, regardless of their financial circumstances. You can make a difference by establishing a new endowment to benefit students enrolled in the college of your choice.

 

Type Minimum Gift Estimated Annual Impact
Endowed Presidential Scholarship $400,000 $20,000
Endowed Provost Scholarship $200,000 $10,000
Endowed Scholarship $25,000 $1,250

 

Faculty Endowments

Since its founding, a hallmark of Ashland University has been its remarkable faculty.  These distinguished individuals are crucial to the mission and core values.  You can help to ensure that the University can continue to recruit and retain leading faculty who emphasize teaching supported by research and scholarship through your support of endowed distinguished chairs, professorships, and faculty fellowships.

 

Type Minimum Gift Estimated Annual Impact
Endowed Distinguished Chair $2,000,000 $100,000
Endowed Professorship $1,500,000 $75,000
Endowed Faculty Fellowship $500,000 $25,000

 

Program Endowments

Endowments that support programs and special initiatives at Ashland ensure the long-term viability of important activities.  Whether you want to provide professors with equipment for research, eager students with opportunities for cultural exploration, or students pathways to find their life calling.  Program Endowments make a difference for a specific endeavor.

 

Type Minimum Gift Estimated Annual Impact
Endowed Provost Innovation Fund $500,000 $25,000
Endowed Lectureship $250,000 $12,500
Endowed Research Fund $250,000 $12,500
Endowed Student Program Fund $100,000 $5,000

 

Naming Departments

Departments may be named in recognition of an endowed gift. The minimum amount for a particular department is determined on a case by case basis dependent on the size and scope of the faculty, students, and budget.

 

Naming Buildings and Rooms

Buildings may be named in recognition of an endowed gift. The minimum amount for a particular building is determined on a case by case basis dependent on the size and purpose of the building.

Annual Scholarships

Annual scholarships provide immediate multi-year financial support. Commitments must be four years and can be renewed for an additional four years. These gifts qualify for a fund named in recognition of the donor or honoree for the duration of the funding period. The following are examples of annual scholarships.

Types of Annual Scholarships

University Annual Scholarships

Type Minimum Gift Per Year Total Commitment
Annual Presidential Scholarship $20,000 $80,000
Annual Provost Scholarship $10,000 $40,000
Annual Scholarship $5,000 $20,000

 

 

Athletic Annual Scholarships

Type Minimum Gift Per Year Total Commitment
Athletic Director Annual Scholarship $20,000 $80,000
Coaches Annual Scholarship $10,000 $40,000
Athletic Annual Scholarship $5,000 $20,000