Policies and Procedures

V. FUND ADMINISTRATION
D. ENDOWMENT REQUIREMENTS


POLICY: V.D.
Effective Date: 07/01/05
Last Modified: 07/29/09

An endowed gift is one in which the original principal is never invaded and the gift exists in perpetuity. Endowments are generally funded within five years of the initial contribution. Income is distributed annually pursuant to spending policies adopted by The Arch Foundation for the University of Georgia, Inc. and no income will be distributed until the endowment is fully funded.

There is no limit for donating gifts to already existing endowments, but the following schedule lists the minimum requirements for establishing new endowments. Please note that the actual types of support provided by the endowments will be specified in the fund agreement.

FACULTY/STAFF ENHANCEMENT:

Named Distinguished University Chair – minimum $2,000,000
These funds provide additional support for a professor’s teaching and research, including but not limited to salary supplements, equipment, academic leaves, research assistants, and travel.
     
Named Chairs – minimum $1,000,000
These funds provide additional support for a professor’s teaching and research, including but not limited to salary supplements, equipment, academic leaves, research assistants, and travel.

Named Distinguished Professorships – minimum $500,000
Income is used to support the work of a professor in developing courses, strengthening teaching and research, and other professional activities.  Funds may be used for salary supplements, equipment, travel, etc.
For additional information on the process of establishing a Chair or Professorship please access http://www.uga.edu/archfoundation/forms.html.

Named Professorships – minimum $250,000
Income is used to support the work of a professor in developing courses, strengthening teaching and research, and other professional activities.  Funds may also be used for salary supplements, equipment, travel, etc.
For additional information on the process of establishing a Chair or Professorship please access http://www.uga.edu/archfoundation/forms.html.
     
Named Distinguished Scholar (Visiting) – minimum $100,000
These funds enable the University to bring outstanding visitors to teach, do research, and be available as resources for the University community.

Named Lectureships – minimum $50,000
These funds support expenses associated with special guest lecturers or seminars.

Named Academic Support Fund – minimum $10,000
These may be restricted to a particular program or department.  This category does not apply to scholarships.

Named Award Fund – minimum $10,000
Income from this endowment is used to recognize an outstanding student, faculty or employee based on a criteria established by the College, School, or Unit.  This category does not apply to scholarships.

Named Distinguished Research Fund – minimum $250,000
These funds are used to support faculty in conducting critical research at the University.  Funds may be used for salary supplements, research assistants, equipment, travel, etc.

Named Distinguished Assistantship – minimum $250,000
These funds are used to support the salary of an outstanding student(s) in a graduate or professional school program assisting with teaching and/or research.

Named Assistantship – minimum $100,000
These funds are used to support the salary of an outstanding student(s) in a graduate or professional school program assisting with teaching and/or research.

Named Research Fund – minimum $100,000
These funds enable the University to support outstanding researchers who conduct valuable research in critical areas.


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student supporT:

Distinguished Graduate/Professional Fellowships – minimum $250,000
These funds are used to support an outstanding student in a graduate or professional school program.  Income from the fund may be used for tuition, living expenses, and other special expenses incurred in the course of graduate and professional study.

Graduate/Professional Fellowships – minimum $100,000
These funds are used to support an outstanding student in a graduate or professional school program.  Income from the fund may be used for tuition, living expenses, and other special expenses incurred in the course of graduate and professional study.

Named Graduate Student Support Fund – minimum $50,000
Income from such endowments will be used to support a student in a graduate or professional school program, and may be used in conjunction with graduate assistantships.

Named Scholarship – minimum $25,000
The annual award to a student covering one-half the cost of tuition is based on academic achievement.

* Endowment minimums at the Terry College of Business may be higher.



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This page was last updated on Wednesday, July 29, 2009 10:36 AM EDT