Establishing an endowment is an act of great generosity and vision. Donors who decide to create an endowment do so because they understand the importance of supporting the institution not only during their lifetime, but for generations to come. These visionary individuals, families, and organizations build an extraordinary resource. Many donors choose to establish an endowed fund in order to honor a loved one, or to memorialize an important figure in their life, ensuring that their name will continue in perpetuity.
Endowment funds are permanent, self-sustaining source of funding. Endowment assets are invested. Each year, a portion of the value of the fund is paid out to support the fund’s purpose, and any earnings in excess of this distribution are used to build the fund’s market value. In this way, an endowment fund can grow and provide support for its designated purpose in perpetuity. Endowed chairs, and professorships provide permanent funding to help Bradley attract and retain internationally renowned faculty. Currently, Bradley has 4 endowed chairs and 13 endowed professorship. Holders of these honored positions are featured in our Gallery of Excellence in the Cullom-Davis Library.
Endowed lectureships ensure Bradley’s ability to bring to campus speakers whose knowledge and expertise enriches the educational experience for the campus community. The McCord Lecture Series, for example, was established thanks to the generous gift of Illinois Mutual Insurance Company. Jack A. Laughery, chairman of Hardees was the first of 37 corporate leaders who have spoken on campus since its inception in 1991.
The University has set different minimum funding levels for different types of endowments:
- Named Professorship or Chair - Minimum Endowment Gift: $3 Million
- Named Professorship - Minimum Endowment Gift: $1,000,000
- Named Fellowships - Minimum Endowment Gift: $250,000
- Named Endowed Lectureship - Minimum Endowment Gift: $250,000
- Named Faculty Development Fund - Minimum Endowment Gift: $100,000