Establishing an Endowment
Endowments are Everlasting
An endowment is a long-term investment in the UAB Center for Palliative and Supportive Care, providing support year after year, generation after generation. The principal of your gift is invested and grows over time, while distributions provide a steady, reliable source of income to the Center.
It also gives you the opportunity to have your name or the name of a loved one linked to an area in which you have a special interest. By creating an endowed gift, you can be confident that it will grow and continue to support the mission of the UAB Center for Palliative and Supportive for years to come.
You can start an endowment that supports:
- Research endeavors
- Education and training programs
- Patient care programming
- Professorships, lectureships and chairs
- Unrestricted use
Named Endowments at UAB
Endowed Program/Center – Minimum of $5,000,000
This type of endowment ensures dependable resources for a center or program, thereby allowing leadership to create long-term budget plans. Spendable funds from a center or program endowment may be used to support pilot grants for novel ideas, infrastructure to support the center/program mission, or other priorities as determined by leadership. The center or program may be named at the donor’s discretion, pending approval by the University of Alabama Board of Trustees. The actual amount needed to name a center or program is based on a formula set by Board of Trustees policy, with a minimum of $5 million.
Endowed Chair - $1,500,000
This type of endowment is among the most prestigious and meaningful gifts that can be made to, or accepted by, an academic institution. An endowed chair may provide a salary supplement and fringe benefits for the recipient and/or support staff or other expenses as the endowment agreement permits. The holder may also use the honorary title associated with the chair.
Endowed Professorship - $500,000
This type of endowment provides income that may be used for a portion of the salary and fringe benefits of the holder, who may also use the honorary title associated with the professorship.
Endowed Visiting Professorship - $250,000
This type of endowment brings a visiting professor to UAB. This distinguished lecturer comes to UAB with skills and knowledge from another arena to share with peers on this campus.
Endowed Graduate Fellowship - $200,000
An endowed fellowship provides support to graduate students as they strive to fulfill the academic requirements in their field of expertise.
Endowed Research Fund -- $100,000
Endowed research funds provide income to support research in the discipline, disease, or area of interest stipulated in the agreement with the donor.
Endowed Lectureship -- $75,000
An endowed lectureship is used to bring a distinguished scholar to the university each year to lecture on a particular subject or in a specific discipline.
Endowed Program Support Fund - $25,000
An endowed program support fund may be used to provide for prizes or awards, to support seminars, visiting speakers or other educational activities, to purchase equipment or much needed supplies for the program, or for other expenses as the endowment agreement permits.