NC State University has authorized an update of the minimum endowment level to $50,000 effective July 1, 2018. As background, the $50,000 endowment minimum will benefit the university by:
- Increasing the impact of the gift to further create permanent capital for the university
- Enhancing The Think and Do The Extraordinary Campaign by increasing giving
- Aligning with the endowment minimums of NC State’s peer institutions
NC State will continue to establish named, non-endowed funds/accounts for donor-directed purposes such as scholarship support, program support, etc. for commitments of $10,000 or more over five years, distributed annually for the intended purpose. These funds will remain named as long as funds are available for distribution.
Any exceptions to the endowment minimum must be reviewed and approved by the Vice Chancellor of University Advancement. The North Carolina Agricultural Foundation, Inc. (Foundation) will continue to allow endowments at $25,000 for commodity organizations with fewer than 250 members.
If you have questions, please contact Sonia Murphy, Assistant Dean for CALS Advancement, at 919.515.9262 or at email@example.com.