Endowments through the University of Southern Maine Foundation — the gift that keeps on giving.
Why create an endowment?
Excellent scholarships and programs require substantial, consistent, and permanent funding. An endowment provides a stable base for that funding.
How endowments work
The corpus of the gift amount is invested, and only a portion is paid out each year for the purpose(s) intended. Any additional growth is added to the corpus to help keep pace with inflation.
Endowed gifts can be made in a variety of ways. For example, an endowment may be created by outright gifts over a number of years. Many University endowed gifts are created through bequests. Alumni, retired faculty and staff, and other individuals leave a portion of their estate to the University of Southern Maine Foundation for a specified purpose, such as scholarships, athletics, or library collections. Your endowed gift is a gift to ensure the future of the University of Southern Maine and the intellectual and personal development of its students.
* There are minimum amounts to establish an endowed scholarship or book fund