| CSU Development Foundation, Inc. Endowments |
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| Major Gifts & Planned Giving |
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Gifts of endowment require at least a $10,000 donation to establish the fund. Donors use endowed funds to memorialize a deceased loved one, to honor someone still living, or simply to have in their name.
The endowment donor, in conjunction with an Institutional Advancement (IA) staffer, develops a Memorandum of Understanding (MOU). This document sets forth the terms for awarding the funds according to the wishes of the donor. The MOU is the governing instrument that gives guidance to the stewardship process to ensure that the funds are used as determined by the donor.
Endowments are perpetual in that the fund exists forever. Once the initial donation is made, the fund's corpus is set and will never be disturbed. After a one year investment of the corpus, interest income is earned. Only a calculated portion of the earned interest terms as "spendable" income is used annually to provide the award to execute the wishes of the donor.
As the corpus of the fund is never invaded and some of the earned interest is added annually to the fund's principle, the fund will continue to be stable and may experience minimal growth. However, endowments donors are encouraged to continue to donate to their endowed funds to guarantee the continuous growth of the fund.
The majority of Coppin's endowed accounts are in the Coppin State University Development Foundation, Inc. Endowment Portfolio, but there are a few that exist in the University System of Maryland Common Trust. However, the administration of the funds occurs though Coppin's direction.
Investment management of Coppin's endowed account dollars is through the University System of Maryland Investment Committee and the University System of Maryland Foundation Board.
