Endowments are a permanent investment that generates funds annually to be used, in perpetuity, to support Doane University and our programs.
Each year, Doane University spends part of its endowment earning and to protect the principal against inflation, some earnings are reinvested. This process ensures that the endowment will continue to grow and yield more interest for future support and scholarships. The spend amount is established by the Doane Board of Trustees each year.
To establish an endowed fund, constituents give or pledge the designed amount or more to Doane. This can be done over a period of up to 5 years or can be established with a planned estate gift in a will or trust. With a designated estate gift, the fund can be established at anytime and fully funded with an estate gift, removing the 5 year requirement. The endowment may be for a scholarship and named to honor someone (i.e. The Walt & Ruth Olsen Endowed Scholarship). The named endowment may also be for a program (such as football or theatre) or personal field of interest within the college or be directed to the university's greatest needs.
Our students benefit from the endowment as built up over time from past donors. The need to grow the endowment is critical for the the stability and future of Doane. By establishing an Endowment Fund, you're leaving your legacy and providing for Doane's future.
Contact Director of Planned Giving Thomas Reeves '88 at [email protected] for more information.
Endowment Gift Opportunities
Named Endowment Fund: Endowed funds are an integral part of the university's long history of being an institution that defines excellence in higher education. A named endowment fund will will provide ongoing annual support for Doane in your name. This fund can be directed to an area or program of your choice, but it an unrestricted fund is encouraged. All endowed funds must be fully funded within five years. Minimum: $10,000
Named Equipment Fund: Our growing programs require expanded inventories and the best equipment available to faculty and students. Earnings from endowed funds can be used for things like refurbish and/or purchase new equipment, athletic gear or uniforms annually for programs. You may designate programs to benefit from your gift or allow university administrators to allocate the funds to the most urgent needs. Minimum: $10,000
Named Scholarships: An ideal way to preserve a family name and personally affect numerous students is by endowing a scholarship. Your gift to this fund will continue to assist deserving students at Doane. Scholarships are named at your discretion. Annually, more than 90 percent of Doane students receive some form of financial aid. All endowed scholarships must be fully funded within five years. Minimum: $25,000
Named Lectureships: Gifts to the lectureship fund ensure individuals of significant achievement are able to share their insights with students on an annual basis. Existing lectureships have brought speakers from numerous disciplines, including poets and scientists. Minimum: $100,000
Named Professorships: Professorships are established to fund or support a faculty position that provides superior teaching in an academic area and provide foundations of excellence in the learning experience. There can be multiple professorships in an discipline area. Minimum: $100,000
Named Chair: Chairs are established to fund or support a faculty or dean position and provide funding for superior teaching in academic areas and to provide foundations of excellence. A chair is typically for the head of a department or discipline. Minimum: $1,000,000
Named Symposiums: Your gift in support of an annual symposium allows Doane the opportunity to host meetings on a variety of academic and current interest topics. These events enable the university to bring leading scholars and activists to share their thoughts and insights with our students. Experiences like these provide Doane students an unparalleled educational experience. Minimum: $250,000