Avenues of Support
Endowments, Restricted Annual Gifts and Area of Greatest Need Support
The College often receives questions from donors concerning the best way to support Arts & Sciences. All gifts are valuable, yet here are some facts about each contribution form:
Endowment funding is one of the ways to leave a permanent legacy at UK. Endowments exist in perpetuity, with only a portion of the fund’s earned interest spent each year and a goal of long-term growth. Endowments may be funded at a minimum of $25,000 payable over a maximum of five years if desired. Donors may select awarding criteria, to be established in conjunction with the College. These funds are often named in honor or in memory of someone.
Restricted Annual Gifts
Many donors have special interests or passions for specific areas within Arts & Sciences. These may include research, scholarships and assistantships, faculty support, or general programmatic support for a specific academic department. For those individuals who wish to contribute an amount to be spent in full annually, a restricted annual gift will be the best avenue. Each academic major department as well as numerous other College programs have specific development funds allocated to their own priority needs. To give in this manner, simply note the area you wish to support on your contribution.
Greatest Need Support
“The Academic Excellence Fund” operates as a flexible account supporting those college-wide priorities deemed to be greatest needs in any given year. This area of giving operates much like an individual’s savings account, with anticipated—and sometimes more urgent and unexpected—expenses withdrawn from the fund. For donors who want to truly help the overall College move forward, this is a good giving option, as it often supports new and emerging ventures.