Named Endowed Chair
The University’s commitment to excellence begins with the faculty.
The addition of faculty chairs will help build a faculty of distinction,
encourage scholarship and research and enhance the teaching process. A
percentage of the income from this fund may be used to subsidize the
salary needed to attract a new faculty member or sustain an existing
faculty member. Additionally, funds may be used to support programming
and scholarship associated with a department.
Each endowed chair
may be named in honor of the donor of the capital fund or in honor of a
person designated by the donor. Each named endowed chair will be
authorized by the University’s Board of Trustees and described in the
University catalog. The recommended minimum amount to endow a chair at
Saint Francis University is $2,000,000.
Named Professorship
This endowment is intended to enhance salary and operational budgets
of various academic departments. The additional funds generated by the
endowment will allow the University to maintain and attract key faculty.
Each
professorship may be named in honor of the donor or in honor of a
person designated by the donor. The recommended minimum is $1,500,000.
Named Faculty Fund
The purpose of this fund is to generate income to supplement faculty
salaries in any academic area. These funds may be used in any area
designated by the President. The recommended minimum is $250,000.
Named Fellowship Fund
As Saint Francis continues to enhance its graduate degree programs,
it will be beneficial to provide fellowships to assist graduate students
in their education. These fellowships may vary in amounts in accordance
with different programs. The recommended minimum is $100,000.
Named Scholarship
As the cost of higher education continues to increase, students are
constantly in need of more scholarship assistance. Income generated from
named scholarship endowments will help Saint Francis meet this need.
The use of endowment income may be designated in accordance with the
donor’s wishes with the approval of the University. However, it is
recommended that the uses of all scholarship funds remain flexible so
that the University scholarship committee can award funds to the most
deserving students. The recommended minimum is $50,000.
Named Special-Purpose Fund
These fund are designated to particular areas of need according to
the donor’s wishes and the approval of the University. The recommended
minimum is $25,000.
Named Annual Scholarship Fund
The student scholarship will be funded on an annual basis and awarded
according to an understanding between the University and the donor. The
recommended minimum is $2,500 annually for at least four years.
Other Restricted Endowments
Saint Francis University is willing to work with prospective donors
on the terms and conditions of other restricted or unrestricted
endowment funds, provided they support traditional academic activities
or functions and are large enough to yield a meaningful annual income.
Named Memorials and Recognition Opportunities
Many individuals, corporations, and groups appreciate the
significance of establishing memorials and recognition opportunities to
honor persons or organizations in perpetuity. These situations include
the naming of buildings, classrooms, laboratories and other projects.
Buildings, laboratories, and classrooms
The Saint Francis University policy, approved by the Board of
Trustees, is very specific regarding amounts and terms associated with
the naming of buildings and other major physical structures or
facilities on campus. The University office of advancement will work
with donors to define issues and reach agreements.