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.