What is an endowment fund?
An endowment is a permanent fund established by donors to create a lasting legacy. These funds can support students, faculty, programs and building maintenance in perpetuity and are invested in our own Concordia University Texas Foundation.
Earnings are used to support the purpose of each endowment. The Concordia University Board of Regents votes annually to set a payout rate which is generally less than the earning rate. The difference is re-invested back into the corpus so that the endowment will continue to grow on an annual basis and support its designated purpose.
How do I start an endowment?
The minimum amount to establish an endowment is $25,000. This can be paid out over 5 years. Once you decide to proceed with this plan, a staff member in The External Relations Department will draft an endowment agreement which defines the purpose of the fund, and outlines Concordia’s standard procedures for managing endowed funds.
Endowments may be named for the donor and/or someone a donor wishes to honor or memorialize. There may be an existing endowment that reflects your interests and to which you can add your support. Donors, family, friends, or alumni who have benefited from receiving funds from an endowment are encouraged to make gifts to the endowment. The larger the fund, the more it can do.
Shortly after the close of the calendar year, you will receive a report detailing the prior year’s activity, including added gifts, earnings and payouts, resulting in an ending value.
Who benefits from my endowment?
Our financial aid office matches students with like endowment purposes. The recipients are required to thank the donors - and later their family – for scholarship assistance. If you wish to meet your student, please call our office to see if that can be arranged.
To discuss a gift to an existing endowment or establish a new endowment, please contact Shirley Carey at 512-313.4105 or email firstname.lastname@example.org.