Endowments & Non-Endowed
An endowment is an investment in the future as well an invested gift that generates income to be used, in perpetuity, to support Southern University at New Orleans. Because endowments generate funds indefinitely, they are often referred to as “the gift that keeps on giving.” When you establish an endowment, your gift is invested with two goals in mind: (1) to allow the principal to exceed the rate of inflation and (2) to provide additional income for the University purpose you designate. An endowment agreement that specifies the name and purposes of the endowment is completed at the time of its establishment. For scholarship endowments, donors have the ability to designate many of the criteria for the awarding of the scholarship.
Endowment income provides security and protection that balances the other sources of income for SUNO, which tend to fluctuate such as: tuition, state support, and annual gifts. A steady, increasing endowment income can mean the difference between merely sustaining the status quo or aspiring and achieving new heights of excellence.
Endowments can be designated by the donor to impact a specific program or area within the University (such as specific academic programs, scholarships, the library, textbooks, athletics and lab equipment.), or remain unrestricted to meet the most critical needs of the University. Donors can name a new endowment, and many choose to honor a loved one, recognize a favorite professor or create the endowment in their own name.
To learn more, please contact the Office of Institutional Advancement at (504)286-5342.