An endowment is a specially invested fund that provides financial support in perpetuity. Only a percentage of the interest income from an endowment is spent. The principal remains forever intact, and is increased over time through the addition of a portion of the earned income.
Your gift of $20,000 or more will allow us to establish a new endowment for Western Libraries which would bear your name or the name of someone you wish to honor. Your endowment would be used according to your wishes. You may designate the endowment for a specific purpose such as purchasing fiction reading materials, or you may specify that the endowment be used at the Dean’s discretion in the area most needed.