Capital giving that includes new and renovated buildings, as well as endowed and restricted funds, strengthens the University's financial position for years to come. Capital giving can bolster the Illinois Wesleyan endowment, which is the financial foundation of the institution.
Endowed funds are permanent funds that provide support for IWU's students, faculty, and academic and extra-curricular programs. The University's endowment generates a predictable, growing stream of income in perpetuity that sustains scholarship, research, teaching, and service programs. These funds are an irreplaceable source of stability, and their growth is critical to the ongoing success and financial well-being of Illinois Wesleyan.
Endowed Funds Include:
- Endowed professorships and chairs that continually support IWU's educators
- Campus building projects to enhance the learning environment
- Endowed scholarships that provide for IWU's talented and increasingly diverse student body, such as the Maurice M. & Joan S. Willis Endowed Music Scholarship
- Curriculum development endowments that support innovations in academic areas
How Endowed Funds Work:
Assuming a 5.25% draw from any endowed gift in a given year, one may calculate the amount needed to fund projects of various descriptions. For example, if one were to endow a scholarship with a $25,000 gift, $1,312.50 of scholarship money would be available for use each year, as 1,312.50 is 5.25% of 25,000. Similarly, an endowed chair of $1.5 million yields $78,750 for use each year.
Contact the Advancement Office to learn more about making an endowed gift.
Learn about forms your gift can take.