An endowment is a permanent fund at the University established with contributions
from donors that will be invested in perpetuity. Each year, a portion of the value
of the fund is distributed to support the donor's purpose such as student scholarships
or academic program support. Any earnings in excess of this distribution build the
fund's market value. The University's current endowment spending policy is 4.0% of
market value. |
Endowed funds that provide scholarships or academic support to our faculty and academic
programs may be eligible for the CBU Matching Endowment Program. Examples of academic
program endowments could include support for a specific department, a faculty position,
or student learning opportunities. Examples of scholarship endowments could include
specific program or department scholarships, students with financial need or merit scholarships. |
Qualifying donations of $25,000 or more to establish or enhance an existing endowment
controlled by CBU may be eligible to receive a CBU Endowment Match. Gifts of cash,
stock or other assets, may qualify for 1:1 matching if the assets can be liquidated
before June 30, 2022, and the net proceeds from the sale of the assets are $25,000
or more. All gifts eligible for the match must be deposited into a University controlled
account. |
Yes, a gift may be made through cumulative donations in order to meet or exceed the
$25,000 minimum; all gifts must be received by the University between July 1, 2021
and June 30, 2022. |
Qualifying new endowment gifts must be received by the University between July 1,
2021 and June 30, 2022, and reach or exceed the minimum required $25,000 to access
the CBU Endowment Match. |
Gifts totaling $25,000 or more from individual donors, groups of donors, foundations
or businesses may qualify for the CBU Endowment Match. |
Yes, contributions from two or more donors may be combined in order to establish or
enhance a qualifying endowment fund that meets the requirements for the Endowment
Matching Program. |
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The CBU Endowment Matching Program will match both your gift and your company's matching
contribution, provided the combined amounts qualify under terms of the CBU Endowment
Matching Program. For example:
$25,000 individual gift + $25,000 employer matching gift = $50,000 total
+ $50,000 CBU match = $100,000 total endowment
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The match is made available after gifts totaling $25,000 or more to a qualifying endowment
are received. Within ten (10) business days of the completion of the qualifying gift
or as soon as commercially practicable, University Advancement shall be authorized
to release funds in a matching amount (1:1) to the endowment fund. The University
reserves the right to refuse any gift.
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Distributions from endowments will be made in accordance with CBU’s Gift Acceptance
Policy and Endowment Spending Policy. The spending distribution is currently 4.0%
of an endowment’s five-year rolling average of the market value on December 31 the
following fiscal year. For new endowments that have existed less than five years,
the market value for the purposes of applying the spending rate shall be the average
of the year-end values since that endowment was established.
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