Endowments are gifts of money or other donated property, such as stocks or bonds, that are invested to produce ongoing income for designated purposes. Because they are invested, endowments can provide a perpetual gift to support faculty chairs, scholarships, lecture series and many more initiatives across the University of Connecticut.
Why are Endowments Important to UConn?
UConn’s total endowment, which includes the Foundation’s endowment and endowed gifts to the University, has grown to more than $440 million. There are more than 1,700 endowed funds which are critical to securing UConn’s long-term financial stability. When alumni and friends establish endowments, the Foundation invests the funds to provide a permanent source of financial support to benefit the University. Working with a team of professional investment managers and advisors, and with oversight from the Board of Directors’ Investment Committee, Foundation staff work to continue this growth and provide a sustainable base of ongoing support.
Thanks to the generosity of donors who create endowed funds, UConn can honor exceptional faculty members and continue to provide world-class teaching and research.