Special Giving Opportunities

Capital Giving Opportunities (TBA)

Permanently Restricted (Endowment) Opportunities

Endowment funds are permanently restricted by the donors, as detailed in formal endowment gift agreements between the donor and the NGCSU Foundation. Funds are commingled for investment purposes, and managed under the supervision of the Foundation's Investment Committee. Currently, the annual allowable spending rate for endowed funds is 5% of the fair market value (FMV) on December 31st immediately preceding the beginning of the fiscal year.

The minimum amount required to establish an endowed fund at NGCSU is $25,000. At the 5% spending rate, a $25,000 endowment yields $1,250 annually.

• Scholarship Endowments - support scholarship grants to NGCSU students. The NGCSU Scholarship Committee, representing the campus community, makes scholarship awards annually.
• Faculty Support Endowments - support salary supplements and other program support for specific faculty positions. The Board of Regents for the University System of Georgia has established the following minimum requirements for faculty endowments at state universities (BOR Policy 803.0403)

  Distinguished Chair - $500,000

  Chair - $300,000

  Distinguished Professorships - $200,000

  Professorships - $100,000

  Distinguished Scholars - $50,000

  Fellowships - $30,000

  Lecture or Seminar Series - $30,000

• Program Support Endowments - provide supplementary funding for academic or student programs. Expenditure of these funds is approved by the appropriate department head or program director.

Click here to view a sample endowment fund agreement (.pdf)

Temporarily Restricted Opportunities

Temporarily Restricted funds are designated by the donor for specific purposes, and are normally expended for the stated purpose in the year they are received. Unexpended funds are carried over from year to year until the funds are depleted. Donors may establish the name and purpose of the fund and the fund shall remain active for such time as a minimum donation of $1,000 per year is received for the fund.

Click here to view a sample restricted fund agreement (.pdf)

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