You may choose to establish an endowment for your loved one, favorite relative, teacher, or leave your own legacy. Endowments are permanent funds because only the interest earned on an annual basis is allocated for the purpose you specify. An endowment can be funded with outright gifts over a number of years or though a planned gift or will commitment. The minimum level for an endowment is $25,000. Restricted funds are those significant gifts that are only to be used for a specific purpose in the University. If you choose to give unrestricted funds, this enables the University to have maximum flexibility to use the funds where they are needed most and to advance the academic needs of the institution.