The basic concept of an endowed fund is simple. The principal
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.
Endowed gifts are of lasting significance to the school,
as they provide income in perpetuity. The income generated
provides capital to the school, and as such, serves as the
financial foundation on which the future depends. Endowed
funds grow through prudent investment and stewardship and
generate funds to be used each year to support the school’s
priorities. Endowments can be created to honor the name
of a family member, friend, family or favorite professor,
and will be remembered at NSU Graduate School of Humanities
& Social Sciences forever.
--