UB benefits from endowments by preserving capital. The UB Foundation holds gifted endowed funds permanently as principal, managing endowments to produce earnings that support designated University at Buffalo programs, faculty and students.
Endowments provide:
- long-term growth
- income to the university and to the UB Foundation
- increased purchasing power
Endowed funds can grow over time. Fund earnings that exceed yields specified for expenditure are returned to the principal-hedging against inflation and providing growth of the fund for the future. Even without additional contributions, a fund will continue to provide support, while the amount of both the principal and the award increase over time.
For example, if you gave an unendowed gift of $250,000 and designated it for undergraduate student scholarships at the spending rate of $25,000 awarded each year, at the end of 10 years, there would be zero dollars left.
On the other hand, if you gave this same $250,000 gift as an endowed gift, most of the money would remain as an investment and the annual scholarships would be given from the fund’ earnings. At the end of ten years, this fund still would be giving annual scholarships and would have grown in value, even without further contributions.
To set up an endownment or to learn more, please contact:
Ms. Wendy M. Irving
Senior Director of Gift Planning
Office of Development
716-645-3312 ext.238
irving@buffalo.edu
Ms. Patrizia Latvala
Director of Gift Planning
Office of Development
716-645-3312 ext.250
latvala@buffalo.edu
Lynette Soulvie
Administrative Assistant
Office of Development
716-645-3312