|
Beginning
with Chauncey Rose's
founding gift in 1874, many
individuals have stepped
forward to make significant
gifts to Rose-Hulman for new
and improved facilities or
for the school's permanent
endowment fund.
Capital Gifts -
Most recently, capital gifts
have helped Rose-Hulman
construct Hatfield Hall,
White Chapel, Oakley
Observatory, and turned
Moench Auditorium into new
space for the department of
computer science and
software engineering.
Capital
projects on the horizon
include a new biological
sciences and chemistry
building, an expansion of
Myers Hall for additional
classrooms, a new wing on
Crapo Hall for the
mathematics department, and
the replacement of several
aging residence halls.
Generally
speaking, the lead donor to
a capital project who gives
the school at least one-half
of the necessary funding is
given the right to name the
new building or improved
area.
Named Endowed Gifts
- Endowment gifts are among
the most important that can
be made to Rose-Hulman.
Earnings from an endowed
gift provide an annual
revenue stream that supports
the school or the area
identified. Because only
the earnings are spent, an
endowment gift benefits
Rose-Hulman forever.
In all
cases, the endowed fund may
be named after the donor or
in honor of family members,
faculty members, or other
individuals. Often, donors
may specify certain
conditions or preferences
that will be included in the
underlying agreements that
control the administration
of these funds.
The
following summary lists some
of the most common types of
endowment gifts along with
the minimum dollar amount
needed for each:
-
Endowed Scholarship
Funds - $50,000
-
Endowed Chairs and
Professorship - From
$1 million to $2 million
-
Endowed Laboratory and
Equipment Fund -
$50,000
|