Endowments and Restricted Funds

Donors may choose to direct their gifts towards their areas of greatest interest through restricted gifts, or may extend the impact of their generosity and leave a legacy by establishing an endowment.

Endowments provide financial security for the future. Students benefit with opportunities for scholarships; faculty with resources for teaching, research, and scholarly activities, and academic programs with the resources to ensure student success. Endowments named for donors provide permanent income because only a percentage of the gift is spent annually, while remaining funds are invested to ensure continued growth. Endowments can be allocated for a particular college, discipline orprogram, or can be unrestricted.

Restricted funds allow donors to leave a legacy while maximizing the value of their generosity on the areas of interest to them.  Individual programs are enhanced as the greatest needs surface.

For more information, please contact Joanne Nigrelli, Executive Director of Development at 973-720-2332 or nigrellij@wpunj.edu.