An endowment gift is an investment into the future of Michigan Tech. It is a permanent gift that provides one of the most secure sources of future revenue for the University. Endowment gifts provide vital scholarship/fellowship support for students and funding for faculty and programs. Endowments are the most lasting way a donor can give, benefiting the mission of the University and ensuring excellence in perpetuity.
Ensuring Michigan Tech's Future
| Giving Level | Generates About | The Possibilities | ||
|---|---|---|---|---|
| $1,000,000 | $40,000/year |
Pays all attendance costs (~$33,000) for in-state undergraduate student |
Covers full tuition (~$39,000) for out-of-state undergraduate student |
Pays full tuition (~$15,000/each) for more than two graduate students |
| $250,000 | $10,000/year |
Cuts undergraduate student’s tuition by 2/3 |
Covers half tuition (~$23,000) for a graduate student |
Covers nearly full room and board cost (~$12,000) for undergraduate student |
| $100,000 | $4,000/year |
Covers 1/4 tuition for in-state undergraduate student |
Reduces student’s costs by $16,000 over four years |
Pays international student’s travel expenses |
| $50,000 | $2,000/year |
Handles student’s costs for lab fees, books, and supplies |
Pays for educational experiences such as internships or travel |
Reduces student’s costs by $8,000 over four years |
| $25,000 | $1,000/year |
Cuts undergraduate student’s total loan burden by $4,000 over four years |
Covers student’s field research or travel expenses |
Pays student’s full cost of books and supplies |
| <$25,000 |
Pool your gift with others to have a meaningful impact! |
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Creating an endowment
A minimum of $25,000 is required to start a new endowed fund. Gifts from multiple donors may be pooled together to create an endowed fund.
How do endowments work?
Endowment funds are managed to provide a permanent source of income to support the educational mission of the University. The endowment, a set of pooled assets, is generally composed of many individual funds and is invested in a purposeful and accountable manner in order to generate income that:
- honors the donors’ intended purposes for their gift;
- supports the operating budget of the institution; and,
- is reinvested to protect the value of the endowment against inflation.
How do I create an endowment?
Contact us at 906-487-3325. You may designate your endowment for a specific purpose as long as it is consistent with University policy and state and federal laws. Endowments may be funded with cash, securities, and/or deferred gifts at any time.