Glossary of Terms
Planned gifts can be tailored to suit your particular interests and preferences, and may vary depending on the designation.
Restricted Gift: This gift can be designated to specific areas such as a Faculty or School, or to general areas of need, such as Student Aid (for example, fellowships, scholarships, bursaries), Libraries, or Athletics.
Unrestricted Gift: This gift may be given to the University to use at its discretion to target its greatest needs and academic priorities.
Expendable: Depending on the size of the gift, you may request that your contributions be used to directly fund a general or specific University initiative in a timely fashion.
Endowment: You may choose to establish an endowment fund, the income of which is used to support a particular area of need in perpetuity.