An endowment is a perpetual fund maintained by the UNM Foundation and can be directed for the benefit of the UNM Cancer Center. With an endowment, the principal is retained, and a formula is used to determine how much income may be spent in a given year. Generally, this has ranged from between 4% and 5%. If the endowment earns more income in a given year than this spending formula, the balance of earnings is returned to principal, so that the endowment may continue to grow over time.
To establish an endowment, the UNM Foundation requires a minimum gift of $10,000, which may be contributed over a three-year period. Donors enter into an endowment agreement with the UNM Foundation to specify the purpose of their gift.
Please contact the UNM Cancer Center Development Office at 505-272-4443
or firstname.lastname@example.org to discuss making these types of donations.