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How Endowments Work
Distinguished Professorships
Distinguished Professorships are funded by gifts of $2.5 million or more. These are reserved to support and honor an individual considered a leader in his or her field. They are most often used to retain an outstanding faculty member already at UCSF, or to create a new position within the University with which to attract a pre-eminent scientist from somewhere else in the world.
Endowed Chairs
Endowed Chairs require gifts of at least $500,000. These also represent a great honor and significant financial investment in an individual's area of work. They are frequently used to support and honor an outstanding individual already on the UCSF faculty, and may be converted to a Distinguished Professorship when the fund reaches $2.5 million.
Other Endowed Professorships and Funds
Endowments of various sizes may be established for programs and positions in consultation with representatives from UCSF. Primarily, it is important that the fund's principle be capable of generating an appropriate income for the position or activity to be funded.
Payout
For both types of endowments, the University invests the donated assets with a strategy of generating total return. A portion of that total return - approximately 5 percent of a moving 36-month average - is paid out to the holder. The remainder is re-invested in the principal. In this way, the fund grows, never erodes with inflation, and is always available to support the area of endeavor designated by the donor. The donor may also make additional gifts to increase the size of any endowed fund at any future time.
Payout income may be applied to the holder's salary, benefits, research or administrative assistants, publication of the holder's research findings, or other expenses related to the individual's research, teaching or patient care activities.
Recognition
Both Distinguished Professorships and Endowed Chairs signify the University's belief in the holder's past contributions and future promise. Both chairs and professorships may be named. UCSF is pleased to work with the donor to develop areas for funding a professorship/chair within the donor's interests, to determine appropriate naming opportunities, and to discuss a plan for public recognition.
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