Types of FUNDS
Contributions designated by donor for a specific college of ATSU, program, department, or initiative are known as restricted funds. Scholarship funds are this type of fund.
Contributions not designated by our donors for a specific college of ATSU, program, or department are known as unrestricted funds. This gift category is of significant importance in that it provides the flexibility to direct funding to current and priority needs, and, to take advantage of opportunities as they arise, providing support for a variety of needs across our University.
Imperative to the growth of ATSU, endowed funds provide for the advancement and growth of our operations and educational programs in perpetuity. Endowments can be designated for the advancement of research, development of academic programs, faculty support, facilities, student recruitment/support and general operations.
Current University endowment spending policy directs the annual endowment spending rate will be within a range of 2% to 4% of the market value of the moving 12-quarter average. Annually the administration will determine the percentage for the spending rate within the parameters of the range. At no time will ATSU spend any portion of the corpus of permanently restricted endowment funds. This policy will allow the endowment to grow, thus producing increased financial support in future years while adjusting for inflation.
Endowed chairs may be created to honor distinguished professors or to provide future financial resources directed toward total program support for education and research.
|~ Presidential Chair||
|~ Dean's Chair||
Endowed professorships may be created to provide financial support for faculty salaries, research, or other program support related to the professorship.
|~ $500,000 or more|
General Endowment Funds – Restricted & Unrestricted
General endowments may be created to provide financial support for the University’s and/or specific school’s operational needs, specific programs, or to provide financial awards for ATSU students.
|~ Presidential Scholarship||
|~ Other Named Scholarships||
|~ Named Endowed Fund||
Creating an endowment is an outstanding way to support the University, and, to honor an individual or family member.