Endowments are often referred to as the gifts that keep on
giving. Endowments are permanently invested by the Grambling Black and
Gold Foundation, and the income generated by that investment is used for
the purpose you wish to support – scholarships, graduate fellowships,
supplemental salary support for faculty, research, libraries, lectureships,
programs, and much more.
A portion of the income is reinvested each year, enabling the endowment
to grow and provide a permanent stream of income over time. There are
basically two types of endowment – a "pure" endowment
and a "quasi-endowment."
Pure Endowments
Pure endowments are those funds that have been given to the Foundation
by an individual, group of individuals, or organizational donor with explicit
instructions, or other language indicating the donor’s intent, that
the value of the gift be invested and held in perpetuity. With a pure
endowment, only Board-approved distributions from the endowment are spent
to support the University’s activities. Only a donor (as opposed
to the University or the Foundation) can permanently restrict funds.
Quasi-Endowments
Alternatively, quasi-endowments are funds that have been given to the
Foundation by an individual, group of individuals, or organizational donor
without the restriction that the gift be held in perpetuity, or funds
that belong to the Foundation (or in the case of quasi-endowments within
the University consolidated funds) that are not subject to any donor’s
stipulation that the gift be held in perpetuity. Quasi-endowments may
also include expired term endowments. Some donors choose to establish
term endowments stipulating that the value of the gift be kept intact
for a specified period of years, after which time the gift should be expended,
in increments or in full, per the terms of the gift.
Additional Information:
Endowed Scholarships
Endowed Professorships and Eminent
Scholar Chairs
