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Louisiana Tech University


Policies & Procedures

Policy 3113 - Endowed Funds

Effective Date: 8/26/2000

Responsible Office: Vice President for University Advancement


A minimum corpus of $10,000 is required to qualify an account as an endowed account. Additionally, the appropriate endowment agreement must be in place and on file in the Foundation office. This agreement shall outline specific guidelines detailing the purpose of the endowment, the person responsible for the account, and any limitations on the use of spendable funds generated by the account.

Endowments for scholarships and other purposes may be named by the donor or donors who establish the endowment, and proposals for establishing endowments must be submitted to the Foundation for review and for finalization.

Endowed Professorships require a minimum of $60,000 from a donor to be fully endowed; a match of $40,000 is requested from state funds, thereby establishing a $100,000 Endowed Professorship. The donor may name the Professorship and specify the academic area that benefits from the income generated by the investment of the endowment. Endowed Professorships are invested according to guidelines established by the Board of Regents of the University of Louisiana System.

Eminent Scholar Chairs require a minimum $600,000 donation from private funds; a match of $400,000 is requested from state funds, establishing a $1,000,000 Eminent Scholar Chair. The donor may name the Eminent Scholar Chair and specify the academic area that benefits from the income generated by the investment of the endowment. Eminent Scholar Chair funds are invested according to guidelines established by the Board of Regents of the University of Louisiana System.


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