Endowments are invested by the university. The principal remains intact, and the annual income from the investment is used for the purpose you specify. This income may provide scholarships, fellowships, lectureships or faculty awards or fund academic programs, lectureships, academic professorships or artists-in-residence programs. The Central Michigan University Investment Committee defines the annual spendable income rate of investments and decides the amount of earnings that must be retained to the principal to ensure that the fund grows. The committee reviews endowment performance each year and adjusts the spending rate to reflect market trends. This policy helps counter the effect of inflation and ensures that the original gift will provide a meaningful amount.
Named Student Award
This fund provides an annual award to a student in an area selected by the donor. Minimum Endowment Gift: $10,000.
Named Endowed Scholarship
Income from this fund will provide financial aid to undergraduate students. Selection criteria will depend upon the donor's preference and guidelines established by Central Michigan University. Minimum Endowment Gift: $25,000.
Provides financial support for graduate students. Minimum Endowment Gift: $100,000.
Named Endowed Lectureship
Provides income for distinguished lecturers to be brought to campus. Minimum Endowment Gift: $100,000.
Named Faculty Development Fund
Provides an annual award to enhance a faculty member's teaching and and research activities. Minimum Endowment Gift: $100,000.
Named Research Fund
Provides an annual award to be used for research in the area chosen by the donor and Central Michigan University. Minimum Endowment Gift: $100,000.
Named Endowed Centralis Scholar Award
Income funds full scholarships for undergraduate students Selection criteria are stated in detail in the Centralis Scholar guidelines. Minimum Endowment Gift: $150,000.
Provides income to fund fellowships for graduate students. Minimum Endowment Gift: $250,000.
Named Young Faculty Award