Endowed gifts have benefited the University of Missouri since James Rollins created Mizzou’s first endowment in 1888. Established with an initial gift of $6,000, the James S. Rollins Scholarship Fund currently is valued at $230,000 and provides thousands of dollars in annual scholarship support to Mizzou students each year – and it will continue to do so for generations to come.
The Power of Endowment
With an overall fundraising goal of $1.3 billion, the Mizzou: Our Time to Lead campaign will secure MU’s status among the nation’s elite public universities. Strengthening the university’s endowment is vital to achieving this goal.
The Mizzou: Our Time to Lead campaign focuses on three priorities:
- Endowment — Building our endowment to compete with other institutions will strengthen our ability to attract and retain stellar students and faculty.
- Signature Centers and Institutes — Interdisciplinary centers and institutes will be the engine of research growth that will enhance our AAU status and attract additional funding.
- Campus Renaissance — New and renovated facilities will propel Mizzou to global leadership in education and research.
Think of Mizzou’s endowment as the university's long-term savings account. The principal is rarely touched but the amount that is distributed each year makes an impact across campus. A robust endowment translates to excellence year after year, regardless of fluctuations in the economy or the level of state support, by allowing us to recruit and retain stellar students and faculty while also investing in interdisciplinary collaboration and state-of-the-art learning environments.
In order to remain competitive in all areas, Mizzou must increase our endowment from $820 million to more than $1 billion. For reference, Harvard’s endowment is $37 billion. Closer to home, KU’s is $1.8 billion and Illinois’s is $2.2 billion.
How It Works
An endowment consists of a principal account and a distribution account. The principal is invested to ensure its “purchasing power” over the long term. Each year, MU distributes a percentage of the fund’s value according to the donor’s wishes. By preserving the endowment principal, the distributions can forever support student scholarships, faculty research, ongoing building maintenance or other priorities as directed by the donor.
The minimum amount to establish an endowment at MU is $25,000, which can be given in installments for up to five years.
||Approximate Annual Distribution
To learn more about creating your own endowed gift, please visit the MU Gift Planning website.