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UNT Foundation Board and university leaders are committed to growing the UNT endowment in the years to come.
The University of North Texas is celebrating more fundraising milestones — the value of its endowment surpassed $200 million for the first time, and new gifts to the endowment were up 38.4 percent to $21.8 million in fiscal year 2019.
UNT’s endowment is comprised of individual donor-established funds that support specific scholarships, programs, research initiatives, professorships and facilities. By establishing an endowment fund, a donor has a unique and lasting impact on the university’s commitment to educational excellence.
“We’re lucky to have an amazing community of donors, as well as a strong partnership between Advancement’s fundraising staff and the UNT Foundation’s endowment management team,“ said David Wolf, vice president for University Advancement. “We know that a healthy endowment is crucial for UNT’s future, and we’re committed to continue growing it in the years to come.“
An endowment fund is created with a principal gift from a donor, which is invested and administered by the UNT Foundation — University Advancement’s strategic partner in managing and growing private assets. Each year, approximately 3.75 percent of an endowment fund's accumulated market value is distributed to UNT to be expended in accordance with the donor's stated intentions.
“The UNT Foundation is pleased with the endowment's growth and performance,” said Mike Mlinac, president of the UNT Foundation. “A growing endowment will support UNT’s educational mission and provide a perpetual source of funding to the university and its students.”
Through endowment funds, donors create permanent legacies that will help the university build a better world and benefit generations of UNT students — the creative leaders of tomorrow.