A named-gift may be used to create a named-endowed fund, which will, in perpetuity, honor and memorialize the name(s) placed on it. The minimum gift required to establish an endowment is $25,000.
The basic plan underlying an endowed fund is simple. The principle of the fund is never spent. It is invested and the earnings are used to fulfill the purpose(s) for which the fund was created.
Florida State University College of Law offers many gift options to those who wish to associate a family name or the name of a respected individual with a project or program of enduring worth.
Funds may be created for scholarships, academic chairs, professorships, or any other programmatic educational purpose of Florida State University.
Donors may use either outright gifts of cash or stock, or deferred gifts to establish named-endowed funds. Florida State College of Law Development professionals work with each donor, on an individual basis, in preparing guidelines for the administration of each named-endowed fund. Guideline length and degree of specificity, of course, depend upon the donor's wishes and particular circumstances.
If you would like more information on establishing endowed funds, please contact Director of Development Hovik Arakelian, CFP ®.