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Will your gift be endowed or spendable?

It’s one of the most important questions you will be asked if you are making a gift to the UCO Foundation. Understanding the differences between these types of gifts will help you determine the impact you will have on the people and places at UCO that are most important to you.

Endowed gift (Fund begins with E)
An endowed gift is a permanent, self-sustaining source of funding. Endowment assets are invested. Each year, a portion of the earnings on the fund is paid out to support the fund’s purpose, and any remaining earnings are used to build the fund’s overall value. In this way, an endowed fund can grow and provide support for its designated purpose in perpetuity. When you establish an endowment fund, or give to an endowment fund that already exists, you create a permanent legacy of support for Central. 

Spendable gift (Fund begins with S)
A spendable gift is money you give that can be spent, in its entirety, right away. It is typically used to meet a pressing priority, possibly in the same fiscal year the UCO Foundation receives it. Spendable gifts can be for unrestricted or restricted uses and have a large impact in the year they are received.

Please note: You may make a gift to an already established endowment fund in any amount. If you would like to create a new endowed fund, please contact the UCO Foundation to learn more about the required minimum funding levels.

Please contact the UCO Foundation at foundation@uco.edu or 405-974-2770 if you have questions about donations.