Thank you for considering, establishing or contributing to an endowment at NC Central. Endowments bring a perpetual source of support that strengthens NC Central’s place among the nation’s top public universities. Your gift to create or support an endowed fund is an investment for the future ─ one that makes a real and lasting impact in the lives of Eagle students, faculty and staff. Endowed funds are critically important to the University’s goals of attracting and retaining exceptional faculty, undergraduate students and graduate students. Considered a measure of an institution’s long-term strength, endowments are essential to ensuring excellence in teaching, research and service at NC Central for generations to come.
Endowments provide stable and long-term financial resources for North Carolina Central University, a legacy for donors or someone they choose to honor and fund critical priorities such as scholarships, professorships, programs and other funding needs.
“We want to help first-generation students soar at NCCU and take flight with careers in biological sciences for years to come. Establishing an endowed scholarship was a meaningful and permanent way to do that and to honor my father, Max Kligerman, who came to this country as a baby with his parents, who couldn't speak a word of English and had no formal schooling. Yet, Max eventually was able to go to college and send his two children to college, one who went on to obtain a Ph.D. in biological sciences.”–Dr. Andrew Kligerman and Mrs. Lucy Adams of the Max Kligerman Endowed Scholarship
What Is an Endowment?
An endowed fund is a permanent fund established for a specific purpose by a donor and to honor someone special or memorialize the ones you love. The fund’s assets are invested annually in perpetuity to benefit the donor’s designated area of interest at NC Central. Each year, any remainder, beyond the annual spending distribution to NC Central, is invested to preserve and grow the original gift to sustain a legacy for future generations.
An endowed gift may support a specific NC Central school, college, department, research institute or program. It also may support specific people or purposes, such a faculty professorships or scholarships for Eagle students. An endowment established as a named fund (as designated by the donor) may also create a perpetual legacy for the donor or someone the donor wishes to honor. For investment purposes, endowed funds supporting NC Central are managed together in an endowment pool. The current spending distribution as set by the NC Central Foundation Board of Directors is 5% of the three-year rolling average.
The minimum to establish a general endowed fund, such as one for a faculty award or student scholarships, is $25,000. There is no minimum if you wish to contribute to an existing endowment. An endowed fund can also be established through an estate or planned gift and is a great way to link your legacy with NC Central’s future. Colleagues, friends and family may choose to support the endowed fund you created and named because they know how special it is to you.
Investing in Academic Excellence
Because of their permanence, endowments are among the most essential sources of funding for NC Central. In today’s competitive academic market, nothing is more powerful than an endowment in recruiting, retaining, supporting, and honoring the most accomplished and highest-quality faculty. An endowed professorship is the highest academic award bestowed upon faculty to recognize their scholarly work, teaching and research. It is both an honor to the named holder of the appointment and also an enduring tribute to the donor who establishes it. NC Central faculty are inspiring teachers, motivated mentors and leading scholars and researchers committed to nurturing the intellectual and professional growth in Eagle students, thus ensuring their success.
Investing in the Future
Endowed scholarships make it possible for students in need to come to NC Central and create successful futures and soar. NC Central is committed to making college affordable and lifting the financial burden from the shoulders of students in need. Donors may choose to create and name an endowed scholarship fund or even an annual scholarship. Endowed scholarships are our most powerful tool for recruiting and keeping the most talented, high-achieving students at NC Central. But because we have so few endowed scholarships, NC Central is losing top young people to other institutions. An endowment gift supports tomorrow’s leaders forever because it generates perpetual income to support generations of extraordinary Eagle students.
Endowment Minimum Gift Levels
Endowed professorships are a top University priority to help NC Central recruit and retain outstanding faculty.
Distinguished Professorships: $1 million
An endowed Distinguished Professorship may be awarded to a faculty member at the rank of full professor for the duration of his or her full-time service at NC Central. This professorship may be awarded to an assistant or associate professor for a time-limited, renewable period with a change in the working title of the endowed chair to Distinguished Fellow or Distinguished Scholar, respectively.
State of North Carolina Distinguished Professorships Matching Grant Program
Additional matching funding may be available from the State Matching Grant Program.
Undergraduate and graduate support is one of the University’s greatest and most urgent needs. An NC Central scholarship offers more than an opportunity to reach personal and professional goals: it confers a responsibility to help others do the same and creates an enduring tribute to the donor who establishes it.
Endowed Scholarships – $25,000
An endowed scholarship is used to recruit and retain outstanding undergraduate students to NC Central.
Annual Scholarships - $10,000
An annual scholarship is a current-use gift that allows your donation to be used in its entirety and assists NC Central students on an annual basis. The fund exists for as long as a donor continues to make annual contributions to the NCCU Foundation, Inc.
Annual scholarships can be established with a minimum funding level or commitment of $10,000 or more. An annual scholarship is awarded to recipients over a fixed number of years. Unlike the endowed scholarships described above, annual scholarships are not a permanent fund. To maximize impact, a donor can make a multi-year commitment to an annual scholarship fund for the benefit of NC Central students.
For more information about endowed funds or to make a gift, please contact the Division of Institutional Advancement at 919-530-6151. Thank you for your continuing support of NC Central.