A Legacy Fund is an unrestricted named endowed fund that benefits the Swanson School or a specific department or program within the School, such as the Office of Diversity or Office of Engineering International Programs.
What does a Legacy Fund support?
You may designate your fund to be used by the Dean for school-wide purposes, or to a particular department or program. Unrestricted funds support student travel to conferences, equipment purchases, graduate and undergraduate research, guest speakers,
outreach activities and other needs of the school or department, as determined by the Dean. Because your Legacy Fund is pooled with other discretionary accounts, your unrestricted support has a tremendous impact in addressing immediate needs.
What do I name my Legacy Fund?
You may name your Legacy Fund after yourself (i.e. Adam Smith Civil Engineering Legacy Fund), in honor/memory of others (i.e. the Swanson School of Engineering Legacy Fund in honor/memory of Jane Smith), or after a beloved faculty member or friend.
What is the cost to establish a Legacy Fund?
The minimum cost to establish a named endowed Legacy Fund is $50,000. A Legacy Fund may be created in one of the following ways:
- Outright gift
- Pledge payable up to five years (i.e. $10,000 per year)
- Other deferred method
How much expendable income will my Legacy Fund generate?
Endowed funds at Pitt generate income according to a University policy that is intended to ensure that these funds distribute steady income and their principal
grows over time. Only income calculated according to this policy is available to be expended.