An endowed gift is one that Wayne State University holds in perpetuity and does not spend. Endowed gifts are invested, and only part of their average annual investment return is used for the purpose(s) specified by the donor. Each gift designated as an endowment therefore is a source of permanent financial support, and a donor who creates an endowed gift is assured that it will grow and continue to support Wayne State University.

Competition among colleges and universities for the best teachers, researchers and students is extremely high. Private endowed scholarships are an important factor in the university's ability to recruit, support and retain especially talented students. Similarly, top researchers and other faculty are drawn to institutions that can offer them endowed research funds or chairs. By providing specially designated resources for research and teaching, endowed positions enable gifted faculty and researchers to excel in their particular disciplines. Chaired faculty leave an indelible mark on the intellectual and creative life of the entire university.

Creating an endowed fund enables you to put your name or the name of another person or organization on the endowment. In this way, donors may have their names, or the name of a loved one, linked to a facility, unit or program in which they have a special interest.

For information about creating a named or endowed fund, contact Chris Hansen at (313) 577-2310.