Endowments are permanent funds that provide long-term support for programs, faculty and students at Florida Atlantic University. Gifts to the FAU Foundation create these endowments, which may be matched by the state of Florida or added to through additional gifts.
Donors, at the time of making their initial gifts, determine the purposes for which endowment income may be spent. Examples include:
- academic research
- professorships and other faculty positions
- purchase of journals, books, art, technology or new equipment
- scholarships or graduate fellowships
- support for academic programs in a college or department
Endowments are a vital resource for FAU because they generate, in perpetuity, predictable and growing income that creates and sustains University teaching, research and service programs.
CARETAKING OF ENDOWMENTS The FAU Foundation’s investment and spending policy is designed to preserve and increase the future purchasing power of each endowed fund and to generate expendable funds to support the purpose of each fund.The Foundation is responsible for ensuring that expendable funds meet the original intent of the gift and are in compliance with the Foundation’s spending policies. The Foundation has a fiduciary responsibility to invest gifts wisely, ensure that funds are used for the intended University purpose(s) and protect the ability of the endowment to provide continuing expendable funds in perpetuity.For more information about creating an endowment, please contact Jay Browning, assistant vice president for University Advancement, at 561.297.2119 or druthe7@fau.edu.
MATCH YOUR GIFT
State Matching Gift ProgramCorporate Matching Gift Program