Endowed gifts enable donors to create permanent funds for specific purposes. Funds will be invested and managed by the University of Chattanooga Foundation or the University of Tennessee to provide a steady and reliable income stream in perpetuity. Endowments may be named to honor the donor or another appropriate individual. Options for designating endowed gifts include:
An endowed scholarship for an undergraduate student, or a fellowship for a graduate student, can be established beginning with a gift of at least $50,000. Scholarships and fellowships are awarded based on one or more of the following criteria: merit, need, area of residence, and/or field of study.
With an investment of $500,000 or more, a donor can choose to permanently fund a faculty position in a college or chosen field. The creation of endowed professorships can be particularly helpful in securing and retaining high-quality faculty at the university.
With a gift of $2 million or more, donors may opt to establish a chair in a college or field of interest. Endowed chairs provide our top faculty with needed resources for continuing their research and teaching at the highest levels, and also provide the university with a much-needed recruiting tool to attract senior scholars and teachers.
With an investment of $25,000 or more, donors may establish a program endowment. Such endowments are used to support teaching, research, and programs in one of UTC's colleges, departments, or centers.