Due to administration costs and the need to provide a meaningful distribution, Graceland University requires a minimum investment of $50,000 to establish a named endowment. Naming opportunities for gifts between $10,000 and $49,999.99 are available and are pooled into a general fund of interest to the donor. Endowments can be for purposes such as scholarships for students in a particular discipline, or program needs such as academic resources, equipment or technology.
Endowments to support faculty positions, such as a professorship or chair, range from a minimum of $100,000 for a fellow to a minimum of $1,500,000 for a chair. The distributions from an investment of this size are needed to provide for salary and/or discretionary support for the faculty position.
Gifts of any size can be made to Graceland’s General Endowment or General Scholarship Endowment. Established named endowments can receive additional contributions at any time.