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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 endowment establishment process and submits endowments for formal approval by UT System. Endowments may be submitted for approval throughout the year. Information on types of endowments, templates for donor agreements and dean’s letters, and related documentation can be found in Endowment Resources on Dev Direct. Endowments should not be publically announced as established until UT System has approved the endowment.

Permanent endowments benefiting faculty, students, collections, and programs are established by gifts from private individuals, corporations, foundations, associations, and other organizations. Quasi-endowments are created with unrestricted gifts and institutional funds.

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. Endowments undergo regular and random reviews for non-use or under-utilization of distribution and to ensure that expenditures are in keeping with the endowment purpose and agreement. 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. Annual report-of-use letters project to endowment principals is coordinated by this office. ESC 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 that 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.
Executive Director

Updated Aug 2, 2016

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