Provide an Outstanding Collegiate Experience

Scholarships

Lasting Legacy of SupportScholarships

Note: Pictures/content from the scholarship dinner and/or general academic material?

Note: "The experience I had here at Minnesota was life-changing. I cannot accurately express through words how exceptional my time here was, and how grateful I am to those who made this possible. I was blessed and fortunate enough to be challenged daily in the classroom, to compete at the highest level athletically, and to be immersed in a community that invested in my personal and professional success. The U has changed my life, and had it not been for the scholarship I received, none of this would have been possible."

A quote from an underclassmen, high-achieving student-athlete expressing gratitude for their experience?

In 2017-18, Gopher Athletics will spend more than $12.5 million on student-athlete scholarship costs, one of our largest annual expenses.

Our long-term goal is to fully endow all of our scholarships, creating a sustainable system where your investments in scholarships can provide an outstanding collegiate experience for generations of Gophers. We have work yet to do in order to reach this goal. Currently, endowments cover only about seven percent of our annual scholarship bill.

Endowments are a lasting legacy of support for Gopher student-athletes. The initial investment is preserved as principal and the interest produced by this investment is used to pay Gopher student-athlete scholarship costs, notably tuition assistance, textbooks, and room and board.

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How an Endowed Scholarship Works

Endowed scholarships are long-term investments in the University of Minnesota and our student-athletes. They provide essential financial support for students year after year, generation after generation. Because an endowed scholarship lives in perpetuity, it provides a meaningful way for supporters to leave a lasting legacy—in their name or the name of a loved one—in support of Gopher Athletics.

When a supporter establishes an endowed scholarship, the contributed funds are held and managed by the University of Minnesota Foundation (UMF) and invested by UMF Investment Advisors (UMFIA), a nonprofit subsidiary of the foundation. The investment and spending policies for the endowment are set to achieve maximum impact for the long-term and ensure that gifts are used according to supporters' wishes.

Endowed Scholarship Levels


Legacy

$750,000+
The Legacy level endows a full athletic scholarship

Gold

$300,000 - $749,999
The Gold level endows half of an athletic scholarship

Maroon

$50,000 - $299,999
The Maroon level endows a portion of an athletic scholarship

An example of how an endowed scholarship works:


$300,000

COMMITMENT FROM SUPPORTER*

x 6.0%

RATE OF RETURN (hypothetical)

$18,000

INVESTMENT RETURN

$13,500

Amount made available for scholarship**

$4,500

Amount reinvested into principal

UMFIA's investment goal is to achieve an annualized return of 5% in excess of inflation. The return is intended to cover the spending rate as well as the administrative fee (currently 1%) to ensure permanent endowment value.

* A minimum gift of $500,000 is required to establish an athletic endowed scholarship.

** A portion of each endowed fund's value, currently 4.5% of the fund's average market value over the previous 20 quarters, is made available each year to support the fund's designated program.