ENDOWED FUNDS Endowments are permanent funds that provide support for academic pursuits and programs at the University of Mount Union. Private gifts to the University create these endowments. Donors determine the purpose for which endowment income may be spent. Some common purposes include scholarships and awards; chairs, professorships, and other faculty and staff positions; support for an academic program of the University, department, building, or area; academic research; and the purchase of journals, books, art, technology, or equipment Since the institution’s inception in 1846, thousands of donors have contributed to endowment funds established for hundreds of purposes at Mount Union. Generous support for higher education, coupled with conservative and effective investment strategies, has resulted in an endowment currently valued at $145 million (as of June 30, 2020).
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