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Endowment FAQ

The endowment is particularly important to Grand Valley because state funding, once a primary source of revenue for the university, has been declining. With the growth of the endowment, Grand Valley is better able to plan for the future of the university. A strong endowment fund ensures permanent, financial stability and becomes the lifeblood of a thriving university and student body.

There are two funds that broadly support the university's highest priorities.

  • Gifts given to the Grand Valley Fund will be spent as needed, and often within the year.
  • Gifts to the GVSU Endowment Fund are invested in perpetuity and the earnings each year support areas of greatest need.

Yes, any size gift makes a difference. Larger gifts are usually used to create a new fund whereas smaller gifts support existing funds and help them grow. In fact, small gifts are very valuable to the Grand Valley endowment because they support identified needs and tend to add up quickly.

A variety of funds can be endowed at Grand Valley. The most common types include scholarships, professorships, and academic program funds. Visit Named Endowment Funds to learn more and search already established funds for ideas.

Because the types of endowment funds vary, the first step to establishing an endowment is to contact gina.bovee@gvsu.edu to discuss your interests in supporting Grand Valley.

No. The University Development Office can assist you with ways to build the value of your fund over time or through your estate plans.

Yes. Donors who establish an endowment fund have the option to decide what they want it to support.

Yes. The donor can choose to name their endowment however they like. Most people create endowments in their family’s name, but they can also be named in honor or memory of a person or organization.

You will receive an annual endowment update from the University Development Office and staff support anytime you have a question or would like more information.

Gifts to endowments receive the same charitable tax treatment as those to any charitable organization. As with all charitable gifts, it is best to check with your personal financial advisor to evaluate the tax benefits for your situation.