“The fulfillment of our mission as a university depends on having the financial resources to make our distinctive Jesuit education affordable and accessible to deserving students regardless of income. Our community’s investment in the endowment ensures a lasting legacy of an unsurpassed education.” –Stephen Sundborg, S.J., President, Seattle University
IMPORTANCE OF THE ENDOWMENT Endowment gifts from alumni and friends enable Seattle University to fund such needs as: Student SCHOLARSHIPS Providing student RESEARCH EXPERIENCES
Attracting outstanding PROFESSORS Enhanced LAB EQUIPMENT
Classroom TECHNOLOGY
Approximate percentage of the University’s budget that is provided by the endowment. Seattle University’s number of individual endowments
278
ENDOWMENT MINIMUMS SCHOLARSHIPS MINIMUM GIFT $50,000 Scholarships enable the school to recruit and retain a diverse and talented student population. PROGRAM SUPPORT MINIMUM GIFT $100,000 Endowed funds may be designated to support existing activities at Seattle University such as academics, athletics, library collections and student life projects. ENDOWED PROFESSORSHIPS MINIMUM GIFT OF $500,000* Endowed professorships recognize outstanding accomplishments of the Seattle University faculty by providing partial support for teaching and research activities. Such positions offer incentive for all faculty members to achieve excellence in these areas. ENDOWED CHAIRS MINIMUM GIFT OF $2,000,000* Endowed chairs recognize teaching and research excellence, strengthening the school’s ability to attract and retain key faculty. * The minimum gift level for endowed professorships and chairs is dependent upon discipline.
ENDOWMENT SUPPORT FY2014 Distributed $7.6 million in university support designated as follows: 31%
ACADEMIC SUPPORT
30%
SCHOLARSHIPS
22%
CHAIRS/PROFESSORSHIPS
17%
GENERAL UNIVERSITY SUPPORT
SPENDING POLICY
4.5
%
Currently the Trustee-approved spending formula calls for an annual distribution of 4.5% of the previous twelve quarter rolling market value average of the endowment.