6.6 Schedule of Minimum Endowment Levels

Introduction

The minimum gift levels required to establish endowment funds are:

• Undergraduate Scholarship: $25,000
• Graduate Fellowship: $250,000
• Professorship: $500,000
• Chair: $1,000,000

These levels are minimums. Each campus Chancellor may set higher minimum levels based on the particular circumstances and needs of the campus. Development staff should consult with the campus development office to ascertain the minimum levels applicable to that campus.

Schools, Colleges, Departments, Programs

Pursuant to the University of Tennessee (UT) Board of Trustees Guidelines for Naming Opportunities and Endowments, the naming of a school, college, department or program may be granted to a donor who provides a significant endowment that will provide a permanent income stream to that unit. The endowment level should produce between 10% and 40% of the unit’s operating budget at the current spending level. Only the UT Board of Trustees, upon recommendation of the UT President and campus Chancellor, may name a school, college, department or program.