Endow a Scholarship
An endowed fund is a sum of money that is invested in order to fund a particular project, such as a student scholarship. The initial investment, called the principal, is intended to continue forever, with the investment income from the principal providing perpetual funding. To endow a fund at Illinois State University, a donor must agree to provide a principal of $20,000 and sign guidelines indicating how the earnings on the principal will be used.
This is the best way to insure that your gift will continue to help future students in perpetuity.
If you'd like to endow a scholarship in the College of Fine Arts, call the Illinois State University Foundation at (309) 438-2294 and ask to talk with a development director. If you'd like more information about the areas of highest need for endowed scholarships in the college, please call Dean James Major at (309) 438-8330.