A Gift That Leaves a Legacy
Many donors choose to give in such a way that the gift continues to help support the leaders served by TCM.
TCM invests these gifts in a permanent fund managed by professional investors. These funds may be created to support general operations of TCM, to support specific programs or activities, or to "name" a building or area of campus.
Below are the major permanent funds and the minimum dollars to establish each fund:
These funds support a named academic chair that is supported by income from the permanent fund.
Income may be used by TCM to support the base salary of the individual appointed to hold the chair along with teaching and research activities.
Endowed Professorships - $500,000
The funds are used to support a named academic position supported by endowments.
Income from the Permanent Fund may be used by TCM to support the base salary of the individual appointed to hold the professorship.
Endowed Programs - $25,000
These funds support named need-based scholarships, which may support a portion or all of a student's scholarship needs according to an established agreement.
Endowed Scholarships - $10,000
These funds support named endowments established to support specific activities or programs of TCM.