An endowed fund is a gift that grants the Eye & Ear Foundation a stable flow of income, while supporting a meaningful purpose, often in the form of, among many others, a scholarship, lecture fund, fellowship, professorship, or chair, depending on the level of the gift. The Eye & Ear Foundation maintains a standard as to what kind of endowment can be established pending the donated funds, which is generally equivalent to University levels, although exceptions may be made, on occasion. Usually, an endowment is named after the donor or a person of their choice.
An endowment has many benefits, including the ability to maintain the principle, regardless of inflation, as well as provide a continuous stream of support according to the donor's wishes. The distributed income from the principle is calculated according the Eye & Ear Foundation’s policy, which often reflects the policy of the University of Pittsburgh.
For more information, please contact us at 412-383-8756 with any questions. The process of establishing an endowment can be difficult, and we want to ensure your wishes are observed.