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.
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.