Giving to the School
The School of Information Technology at Illinois State University depends on alumni, friends, and corporate partners to provide needed financial support for student scholarships, equipment, and faculty research. Without such support, we would not be able to attract the highest caliber of students and faculty which makes the school so successful.
Through your donations, we are able to finance scholarships for students, expand on our facilities and state of the art equipment, and maintain the high level of excellence expected of the School of Information Technology at Illinois State.
Levels of Giving
Endowments are major gifts that provide continuing support through the use of the interest earned by investing the gift. About five percent of the total value is available each year for the stated purpose of the gift. Additional proceeds are reinvested or go to cover the cost of managing the endowment. The donor names the target of the endowment, e.g. the XYZ Professorship.
- Scholarships - $20,000 to $200,000
Donors specify the criteria and any other requirements for awarding scholarships.
- Graduate Student Assistantship - $200,000
Graduate Student Assistantships provide funds for salaries to graduate students. The University provides matching tuition grants to graduate assistants making these awards equivalent to a scholarship plus financial support. Graduate Assistantships are important in recruiting outstanding graduate students and provide valuable employees to the department.
- Faculty Scholar - $200,000
Faculty Scholar awards provide salary supplements and other support to outstanding faculty. These awards are usually made on a rotating basis for a period of from one to three years.
- Professorship - $500,000
A Professorship award provides a salary supplement and other support to an outstanding faculty member. These awards are made on a permanent basis.
- Faculty Chair - $2.5 million
An endowed chair is one of the highest honors that is bestowed on a faculty member. These awards are made on a permanent basis. Funding provides the recipients salary in addition to other support for the faculty member.
Other major gifts:
- Name of school, institute, research center, etc. - Amount varies
Gifts for the naming of a school or other unit of a university provide funding for a mixture of purposes, i.e. scholarships, equipment, etc. Hence the gift is often a combination of an endowment and a major gift.
- Name of building - Gift amount over one-half the cost
Gifts for the naming of a building often provide funding for a mixture of purposes, i.e. building construction/rehabilitation, equipment, etc. Hence the gift may be a combination of an endowment and a major gift.