Endowments and Pledges

Endowments

A project may be endowed in perpetuity with a lump sum as capital to be invested and the interest used to support activities (endowment earning rates should be discussed with Development). Unless specifically requested by a donor the capital will be maintained in real terms.

An endowment may be  made as either a one-off donation or as pledge over an agreed period of years. Where an endowment is established through annual pledge, the use of the funds may commence if funds permit before the capital is fully established.

Pledges

A project may be funded or receive support through an annual pledge. A minimum commitment of three years is required for the University to proceed with its establishment.