Endowment Giving
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 (usually 5%) 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.
| Endowed Gift Size | 5% annual payout from interest Funds available annually |
|---|---|
| $2,000,000 | $100,000 |
| $1,000,000 | $50,000 |
| $750,000 | $37,500 |
| $500,000 | $25,000 |
| $250,000 | $12,500 |
| $100,000 | $5,000 |
| $75,000 | $3,750 |
| $50,000 | $2,500 |
| $25,000 | $1,250 |
| $20,000* | $1,000 |
| $10,000** | $500 |
*minimum amount to establish an endowed scholarship
** minimum amount to establish an endowed book fund
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Kate Cheney Chappell '83
"I am indebted to my art teachers at USM. My life as a professional artist began here, 30 years ago.
So, I am very happy that my gift can help students today."
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