There are many types of endowments. Examples and the current funding requirements to create these funds include the following:
Scholarship Endowments
Named undesignated scholarships
You may establish an unrestricted scholarship endowment that allows Ball State to award scholarships to the most deserving students. The minimum amount necessary to establish a Stable Value Fund permanent endowment is $25,000, while the minimum amount to create a Legacy Fund is $50,000. (See "What is the difference between a Stable Value Fund and a Legacy Fund?" below.)
Named designated scholarships
You may wish to state some preferences regarding your scholarship's recipients. Examples include specific degree majors, financial need, or scholarships for students meeting certain academic requirements. We will work with you to help define acceptable preferences for your scholarship fund. A named designated scholarship can be set up with a Stable Value Fund or Legacy Fund.
Faculty Teaching and Research
A variety of endowment opportunities exist to provide perpetual support for outstanding faculty teaching and research. Endowed administrative and faculty programs lend prestige and visibility to the positions they support and help attract and retain top people in academia. Please contact us for the current minimum amounts required to establish these named endowments. An endowment may be set up as a Stable Value or Legacy Fund. Endowment opportunities for faculty teaching and research support include:
- named endowed chairs
- named distinguished professorship
- named visiting professorships
- named lectureships
Academic Program Support
A variety of endowment opportunities exist to provide permanent support for specific departments, centers, research programs, and other academic programs. An endowment may be set up as a Stable Value or Legacy Fund. Endowment opportunities for academic program support include:
- named colleges
- named departments
- named centers or institute
- named deans' funds for excellence