That means your endowment will help UCF and its students far into the future—and it will help them more and more as time passes. Think of your endowment as a fruit tree that, as long as it’s carefully nurtured, bears more with each passing year.
The bedrock of UCF’s private support, endowments grow with time, benefitting the university with each passing year.
Many endowed funds are created to support student scholarships, and you may not only name your scholarship but also specify the kinds of students you’d like it to help. Other endowed funds support named faculty chairs and professorships, while still others may be designed to do things like give a library money to purchase new titles each year.
Generally, $25,000 is required to establish an endowed fund, although that amount need not be given all at once—nor even by a single donor.