Named Endowed Funds
A named endowed fund is a permanently maintained fund that is part of the general endowment of Princeton Theological Seminary and is given an approved name and purpose at its inception by the donor in consultation with the Seminary. Income from endowed funds is expended in accordance with the trustees’ spending policy.
A minimum of $10,000 is required to establish a named endowment fund, although the minimum may be higher for special kinds of endowed funds. The donor(s) may take up to three years to reach the minimum level provided the donor has provided the Office of Seminary Relations with a written record of such a pledge.
The endowment is established when the Seminary has received at least $10,000 and the donor and president of the Seminary have signed parameters outlining the purpose of the fund (see outline and sample). Development officers are responsible for submitting account requests, along with a copy of the signed fund parameters, to the Business Office when a fund is first established and for ensuring that other appropriate offices are notified and that endowed funds are appropriately recorded and acknowledged.
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