Endowments are gifts of money or other donated property, such as stocks or bonds, that are invested to produce ongoing income for designated purposes. Because they are invested, endowments can provide a perpetual gift to support faculty chairs, scholarships, lecture series and many more initiatives across the University of Connecticut.
Where do University Endowment Dollars Go?
2024 Total University Endowment: $634M
265M
Student Support
Scholarships and fellowships make a UConn education possible for outstanding students from all backgrounds.
167.6M
Faculty Support
Funds including endowed chairs and professorships provide the resources UConn students, researchers, physicians, and scientists need to achieve innovation and breakthrough discoveries.
201.7M
Program Support
Endowed accounts support technology, experiential learning, student research opportunities and conferences, and other priority programs.
Why are endowments important to UConn?
UConn’s total endowment, which includes the Foundation’s endowment and endowed gifts to the University, has grown to $634 million. There are more than 1,800 endowed funds, which are critical to securing UConn’s long-term financial stability. When alumni and friends establish endowments, the Foundation invests the funds to provide a permanent source of financial support to benefit the University. Working with a team of professional investment managers and advisors, and with oversight from the Board of Directors’ Investment Committee, Foundation staff work to continue this growth and provide a sustainable base of ongoing support.
Endowed Chairs and Professorships
Endowed chairs and professorships are essential in the recruitment and retention of faculty talent and the enrichment of the academic experience. An endowed faculty position is one of the highest academic awards that a University can bestow on a faculty member. It is both an honor for the named faculty appointee, and an enduring tribute to the donor who establishes it. Alumni and friends of UConn may establish endowed funds in memory of a loved one or in honor of someone who has inspired them. Corporate donors also support endowed positions as a means of giving back to the institutions that have developed talent and innovative solutions to problems that provide a competitive edge in the marketplace.
Endowed Chairs and Professorships at UConn
Questions? Contact us by email at contactus@foundation.uconn.edu.