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Creating an Endowment Leaving a Legacy for Future Generations An endowed fund managed by the WSU Foundation provides perpetual annual support for Washington State University. Your endowment may benefit a WSU priority of your choice or you may give the University discretion to apply your gift to one of its highest priorities. A gift establishing an endowment creates a lasting legacy in your name or the name of someone you wish to honor. Your endowment will only be used for the purpose you designate. The following simple steps will establish an endowment: • a written gift use agreement between the donor, Washington State University, and the WSU Foundation is created for all endowed funds; • your gift is invested prudently, so the endowment's buying power is preserved over time; • Once the principal is invested, all or a portion of the income is expended annually to support the area designated in your gift use agreement. If a portion of the income remains once the gift is fulfilled, it is added to the principal to guard against inflation and to maintain the fund's purchasing power for future generations; • A gift of $25,000 or more establishes an endowment at Washington State University. How to Get Started Once you have decided to create an endowment, a College of Engineering and Architecture development representative will work closely with you to help define the features of your endowment to meet both your wishes and the needs of the University. For more information on creating an endowment, contact Gary Porto, CEA Executive Director for Advancement at (509)-335-7937 or gporto@wsu.edu. CEA Endowment Opportunities Acquisitions Fund: Would purchase books supplies, artwork, or other needs not covered by your general budget. Awards Endowment: Underwrites costs associated with awards provided by your nonprofit: achievement, community service, volunteer, and more. CEA Fund: Interest from this fund is used to support the highest priority needs of the college. Emerging Technology Endowment: Funds support innovative and emerging research areas that further the CEA mission to be one of the top tier engineering and architecture colleges at a land-grant university in the nation and the college of choice in the Pacific Northwest. Graduate Fellowships: Funds annual support for graduate research assistance in faculty research programs. Lecture/Speakers Series: Interest would pay to bring distinguished speakers to address topics of interest. Professional Development Fund: This fund could pay for continuing education and professional learning for staff or departments. Research Support Funds: Funds to support specific research programs or professors. Scholarship Endowment: In addition to traditional scholarships, donors can establish named endowments directed to those you serve: travel experiences, internships, youth camps, etc. Student Group Endowment Funds: Were you a member of a student club or organization at WSU? Funds such as these enhance student experience through participation in student clubs and activities and ensure future student participation. Technology Enhancement Fund: Permits upgrading/ installation of computers, software, equipment, and more. Venture Capital Fund: Annual interest would encourage entrepreneurial efforts that address your mission. |
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For more information on giving in the College of Engineering and Architecture, please contact one of our development officers: Gary Porto Executive Director for Advancement (O): 509-335-7937 Jody Opheim Assistant t Director of Development and External Relations School of Electrical Engineering and Computer Science (509) 335-6456 Bridget Pilcher Assistant Director of Development and External Relations School of Architecture and Construction Management and Department of Civil and Environmental Engineering (509) 335-0144 Don Shearer Assistant Director of Development and External Relations School of Mechanical and Materials Engineering and the Voiland School of Chemical Engineering and Bioengineering (509) 335-3328 |
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