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Development Guide:

Giving News

Details are found in the Endowment Resources section on Dev Direct.

Endowment Services and Compliance (ESC) coordinates the approval process with UT System for endowment establishment and allowable changes to endowments, maintains both hard-copy files and an electronic database (VIP Direct), monitors the use of funds, reports compliance monitoring activities to UT System, and reports to donors on the endowments benefiting UT Austin.

New Endowment Establishment: ESC coordinates the process of endowment establishment, which is formally approved by UT System. Requests for approval of endowment establishment may be submitted at any time. Detail of types of endowments, templates for donor agreements and dean’s letters, and related documentation are found in Endowment Resources on Dev Direct. Public announcement cannot be made until approval is granted from UT System.

Endowments benefiting faculty, students, collections, and programs are established by gifts from private individuals, corporations, foundations, associations and other organizations.

The principal of endowment funds remains intact (nonexpendable) in perpetuity. The gift is invested, and distributed funds are used to support the purpose designated by the donor.

Endowments may be established by a one-time gift, a pledge paid over a period of five years, wills, trusts, gifts of appreciated assets, a series of gifts from multiple donors, or by a combination of these.

Endowments may be designated to benefit specific academic or non-academic departments, or to the President for discretionary need. Endowments are typically named after their donors or a person the donor wishes to honor.

Endowment Compliance: Annual compliance monitoring activities overseen by ESC include periodic reviews of unfilled scholarship endowments and high accumulations of expendable funds. Periodic and random monitoring is also completed for non-use, under-use, and mis-use. An annual report on endowment compliance at UT Austin is required each fall by UT System.

Endowment Reporting and Stewardship:  ESC coordinates several specialized reports and assists with endowment-related special events. ESC mails an annual report to endowment donors on the financial investment status of the fund they created, and includes student recipient messages. An annual letters project to benefactors of endowed faculty positions is also overseen and monitored by this office. ESC also assists in planning and executing the President’s annual recognition dinner for new and university-wide Endowed Presidential Scholarship/Fellowship donors and recipients.

The Legacy Project collects and shares endowment stories of donors who give to the University they love, students who benefit from the generosity of others, and families who strive to make the world a better place through giving, providing a historical record of philanthropy at The University of Texas at Austin.

Primary Contact

Jamie Cantara, Ph.D.

Updated September 19, 2013

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