Cumberland University

Creating An Endowment

Amy Baines presenting the first award of the Greg Baines Memorial Scholarship to Peter Taylor

Amy Baines presenting the first award of the Gregg Baines Memorial Scholarship to Peter Taylor.

An endowment fund is a permanent, self-sustaining source of funding. These types of investments generate dollars to be used, in perpetuity, to support Cumberland University and other specific programs.

Each year, Cumberland University spends part of its endowment earnings to support the fund's purpose, and any earnings in excess of this distribution are used to help build the fund's market value. This process ensures that the endowment will continue to grow and yield more interest for future support and scholarships. When you establish an endowment fund, you create a permanent legacy of support for Cumberland.

Donors who pledge $25,000 or more may establish a personalized endowment fund in their name (i.e. The Smith Family Endowed Scholarship). This allows donors to specify criteria such as major, geographic area, academic field of interest within the university or direct funds to the university's greatest needs.

Our current students benefit from the generous endowment gifts by past donors. Tomorrow's Cumberland University is being created by today's endowment gifts.

Endowment Gift Opportunities

Named Scholarships

An ideal way to preserve a family name and personally impact numerous students is by endowing a scholarship. Your gift to this fund will continue to assist deserving students at Cumberland. Scholarships are named at your discretion. For academic Year 2014-15, 94 percent of Cumberland students receive some form of financial aid. All endowed scholarships must be fully funded within five years. Minimum: $25,000

Annual non-endowed scholarships may be established with a minimum gift of $1,000.

Academic Positions

These positions are established to fund superior teaching in academic areas and to provide foundations of excellence in the learning experience for Cumberland students. Should you choose to establish a chair, professorship, or deanship, the discipline and name may be selected at your discretion. Endowed positions available include the following:

  • Endowed Deans: Minimum: $1,000,000
  • Endowed Chairs: Minimum: $500,000
  • Named Professorships: Minimum: $100,000

Academic Units

Contributions to name academic units are to be used to transform the unit involved, enabling that unit to reach a level of excellence that has not yet been achieved. Endowed academics units available are as follows:

  • College: Minimum: $5,000,000
  • Schools: Minimum: $2,500,000
  • Institutes: Minimum: $1,500,000
  • Endowed Centers: Minimum: $1,000,000
  • Endowed Departments: Minimum: $1,000,000
  • Endowed Programs: Minimum: $500,000