An endowment is a gift that is placed in a permanent fund.
In the case of an endowment, the donor’s gift is placed in a permanent fund. The foundation disburses a portion of the annual return from the fund for the purpose the donor designates. The other portion of the annual return remains with the fund ensuring that its value keeps pace with inflation. In this way, donors know that decades from now, their endowments will provide similar benefits as they did when created. Endowment donors receive special recognition. They may name their endowments for themselves, family members, friends or their companies, subject to certain approvals by Texas A&M University College of Dentistry, Texas A&M University Health Science Center and Texas A&M University System.
An endowment at the Baylor Oral Health Foundation requires a total gift of at least $100,000. You may fund your endowment over a period of up to five years, and multiple donors may contribute to the same endowment. You may designate your endowment to benefit a specific purpose, department, program or scholarship. The foundation will provide a gift agreement to document the purpose, form, schedule and administration of your gift.
As with all-purpose specific gifts, the endowment is subject to approval by the administration of Texas A&M Texas A&M University College of Dentistry .