A Gift to the Present, A Legacy to the Future
The long-term financial strength of the University is based on the University’s endowment. Endowment serves more than one purpose. It underwrites scholarships and loans, faculty teaching and research, departmental support, and special projects. It makes it possible to set tuition at a level below what would be necessary to cover the cost of a student’s education. It serves as a barometer of institutional prestige. Because it is invested for long-term growth, it gives Redlands a generous measure of financial stability today and tomorrow.
As with gifts to support capital projects, a gift to create an endowment fund typically is larger and paid in installments. Depending on the type of endowment created, certain minimum gifts are necessary. These minimums range from as little as $20,000 for a Redlands Fund endowment up to $2 million or more for an endowed faculty chair.