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 Types of Endowed Gifts

Scholarship, Professorships and Chairs
 

Scholarships

One of our highest priorities is attracting the best and brightest students and securing their access to a Wofford education. Nearly every Wofford student receives some type of financial assistance. With the rising costs of education, students use the amount of financial aid available to them as the determining factor in choosing a college. Scholarship support ensures that Wofford remains competitive.

The college offers two opportunities to establish an endowed scholarship:

1. A minimum of $50,000, payable over up to five years, establishes a named permanently endowed scholarship.

2. A commitment of $25,000, payable over five years, coupled with a documented estate/insurance plan for an additional $100,000 establishes a named, permanently endowed scholarship. This option offers the donor the opportunity to establish the scholarship with a lower initial gift when it is combined with a generous planned gift.

The sky is the limit on the upper end: the greater the fund size, the greater the benefit to deserving students. Recently Wofford has awarded 5% of the market value of each endowed fund and each fund has grown by a similar percentage annually. There are no upper limits on any endowed funds.

Currently, scholarships endowed at the following levels will produce these scholarship amounts:

A $50,000 endowment produces $2,250.
A $100,000 endowment produces $4,500.
A $250,000 endowment produces $11,250.
A $500,000 endowment produces $22,500.
A $750,000 endowment produces $33,750.
A $1,000,000 endowment produces $45,000.

Click here for a list of current endowed scholarships.


Endowed Professorships & Chairs

Gifted faculty members are at the heart of an outstanding liberal arts college, and Wofford professors are stellar examples of extraordinary teachers. For over 150 years Wofford has received accolades as an exceptional teaching and learning institution. Wofford expects to remain in the top quartile of undergraduate liberal arts colleges in the nation, but the college must have the resources to attract and retain outstanding faculty by offering competitive financial and academic incentives. Endowed professorships and chairs can help us achieve this goal.

Endowed Professorships
Gift level: $1,000,000

Endowed Chairs
Gift level: $1,500,000

Not in a position to endow a scholarship or professorship? You may designate your annual gift to the "Faculty & Staff Support" allocation of The Wofford Fund.

For more information, visit our Endowment FAQs page. If you have an interest in endowment opportunities, please contact the Office of Advancement Office at 864-597-4200 or advancement@wofford.edu and a gift officer will be happy to discuss possibilities with you.