SUPPORTING OUR HAWKEYES

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HOW TO SUPPORT <strong>OUR</strong> <strong>HAWKEYES</strong> Hawkeye Visions Endowed Scholarship Support for Our Hawkeyes ■■ UI Athletics covers the full cost of each scholarship the Hawkeyes offer across 24 sports, a total that exceeds $10 million annually; those expenses rise each year both in terms of dollars spent and as a percentage of overall athletics expenses. ■■ ■■ Endowed scholarships are a crucial source of funding for Our Hawkeyes UI Athletics is self-supporting and receives no state funding How Endowments work Endowments are funds with a minimum balance requirement in which the principal is invested in perpetuity and a portion of the fund’s value (payout) is allocated for the donor designated purpose. Under the Foundation’s spending policy, annual payout will be increased by Consumer Price Index (inflation rate) for the prior calendar year. Historical annual payout over time has averaged 4.5% of endowment value. The investment objective for the University of Iowa Foundation endowment is to seek maximum total return consistent with the preservation of principal, diversification, and avoidance of excessive risk. These objectives are designed to provide a steady flow of income for donor designated purpose. When scholarships are endowed by generous and loyal supporters, those reimbursements to the UI are covered, allowing the athletics department to direct annual gifts and other revenues toward other essential needs. Endowed scholarship gifts through the Hawkeye Visions Endowment Program have enabled Iowa’s intercollegiate athletics programs to move forward even in the face of rapidly increasing expenses. The UI is grateful for the visionary support of alumni and friends who have demonstrated their pride in the athletic and academic success of all Our Hawkeyes by establishing named, endowed scholarships, while also perpetually linking their name with the proud Iowa Hawkeye tradition. 16 Athletics Development • jointheiclub.com
The Power of an Endowment Endowed funds provide stable, long-term financial support. Unlike athletics operations revenue (such as ticket or concession sales) or annual I-Club contributions, gifts to endowed funds are invested to protect the “purchasing power,” so that over the long term, the funds will fulfill the donors’ specified purposes. The amount made available to UI Athletics continues to accrue, providing crucial scholarship support for generations of Our Hawkeyes. The goal of the Hawkeye Visions Endowment Program is to work with Iowa Hawkeye supporters to secure sufficient resources to endow each student-athlete scholarship in every sport. How You Can Help Your investment in the future of Hawkeye athletics can permanently endow a variety of student-athlete scholarships. Following are some examples of support levels within the Hawkeye Visions Endowment Program: ■■ ■■ ■■ Visionary Level: a gift of $400,000 or more provides a named, endowed scholarship for a specific team position (tuition and fees, room, and board). For example: the John and Jane Doe Football Running Back Scholarship. Leadership Level: a gift of $200,000-$399,999 provides a named, endowed scholarship for a specific sport (tuition and fees, room, and board). For example: the Doe Family Women’s Basketball Scholarship. Sustaining Tuition Level: a gift of $50,000-$199,999 provides a named, endowed partial scholarship, but not for a specific sport or position. For example: the Jane and John Doe Athletics Scholarship. Ways to Establish an Endowed Scholarship You can make your gift to the Hawkeye Visions Endowment Program through a variety of means: outright gift or multi-year pledge of cash or appreciated securities; bequest in a will or trust; charitable remainder trust, gift annuity, or other life income gift; designation of the UI Foundation as beneficiary of a qualified retirement plan, IRA, pension benefits, or annuity; or creative combination of the above. Donor Information Guide 17
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SUPPORTING OUR HAWKEYES

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