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 $460 million. There are more than 1,800 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.
ENDOWED CHAIRS AND PROFESSORSHIPS
Endowed chairs and professorships are essential in the recruitment and retention of faculty talent and the enrichment of the academic experience. An endowed faculty position is one of the highest academic awards that a University can bestow on a faculty member. It is both an honor for the named faculty appointee, and an enduring tribute to the donor who establishes it. Alumni and friends of UConn may establish endowed funds in memory of a loved one or in honor of someone who has inspired them. Corporate donors also support endowed positions as a means of giving back to the institutions that have developed talent and innovative solutions to problems that provide a competitive edge in the marketplace.
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