The Importance of Scholarship Endowment
Athletic Endowment combines with Annual Giving to cover scholarship costs. The Wake Forest endowment, which pays an approximate annual yield of 5%, is composed of hundreds of restricted funds established by donors for specific purposes (such as named scholarships or professorships) and a pool of unrestricted funds that supports the operating budget..
In 2015-16, the cost of education for more than 350 scholarship student-athletes will be over $13 million, making the growth of endowment funds a key priority for the Deacon Club.
Naming an Endowed Fund
Wake Forest currently requires $100,000 to name an endowed fund. This can be paid over a three year period if necessary. Earnings will not be spent until the fund reaches $100,000, and the fund will not begin earning income until the fund reaches $7,500 in value. With current tuition and fees, the amount to fully fund a full tuition scholarship at Wake Forest would be approximately $1,000,000. Donors receive double priority points for Deacon Club credit toward your cumulative giving and rank for gifts to endowment.
For a list of athletic endowment funds, please click here.