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Endowment Naming Opportunities
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The University’s commitment to excellence begins with the faculty. The addition of faculty chairs will help build a faculty of distinction, encourage scholarship and research and enhance the teaching process. A percentage of the income from this fund may be used to subsidize the salary needed to attract a new faculty member or sustain an existing faculty member. Additionally, funds may be used to support programming and scholarship associated with a department.
Each endowed chair may be named in honor of the donor of the capital fund or in honor of a person designated by the donor. Each named endowed chair will be authorized by the University’s Board of Trustees and described in the University catalog. The recommended minimum amount to endow a chair at Saint Francis University is $2,000,000.
This endowment is intended to enhance salary and operational budgets of various academic departments. The additional funds generated by the endowment will allow the University to maintain and attract key faculty.
Each professorship may be named in honor of the donor or in honor of a person designated by the donor. The recommended minimum is $1,500,000.
The purpose of this fund is to generate income to supplement faculty salaries in any academic area. These funds may be used in any area designated by the President. The recommended minimum is $250,000.
As Saint Francis continues to enhance its graduate degree programs, it will be beneficial to provide fellowships to assist graduate students in their education. These fellowships may vary in amounts in accordance with different programs. The recommended minimum is $100,000.
As the cost of higher education continues to increase, students are constantly in need of more scholarship assistance. Income generated from named scholarship endowments will help Saint Francis meet this need. The use of endowment income may be designated in accordance with the donor’s wishes with the approval of the University. However, it is recommended that the uses of all scholarship funds remain flexible so that the University scholarship committee can award funds to the most deserving students. The recommended minimum is $50,000.
These fund are designated to particular areas of need according to the donor’s wishes and the approval of the University. The recommended minimum is $25,000.
The student scholarship will be funded on an annual basis and awarded according to an understanding between the University and the donor. The recommended minimum is $2,500 annually for at least four years.
Saint Francis University is willing to work with prospective donors on the terms and conditions of other restricted or unrestricted endowment funds, provided they support traditional academic activities or functions and are large enough to yield a meaningful annual income.
Many individuals, corporations, and groups appreciate the significance of establishing memorials and recognition opportunities to honor persons or organizations in perpetuity. These situations include the naming of buildings, classrooms, laboratories and other projects.
The Saint Francis University policy, approved by the Board of Trustees, is very specific regarding amounts and terms associated with the naming of buildings and other major physical structures or facilities on campus. The University office of advancement will work with donors to define issues and reach agreements
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