Endowments

Creating An Endowment Builds A Living Legacy Of Support

What is an endowment?

 

It is your gift to The James at Ohio State that:

  • Acts as a cornerstone, allowing The James to develop a wide range of research and patient care programs recognized around the world
  • Creates a special relationship between important programs and initiatives and the dedicated people wishing to sustain them for generations to come
  • Allows The James to preserve financial gifts for all time by investing the principal and using only the income from those investments for the donor's specific purposes
  • Ensures an endless source of support and strengthens The James' ability to adapt to rapid changes

Since 1995, The Ohio State University's total endowment has more than doubled in size.

 

Why should you establish an endowment?

  • To convey your desire to permanently enhance the university, enabling us to continue the work of making The James and Ohio State a living testament to your dreams and aspirations
  • To remember, honor and pay tribute to a family member, mentor, or other loved one
  • To create a living legacy that spans generations
  • To create an open-ended source of support (You can start and continue to add to an endowment fund with gifts in a variety of forms, including bequests and trusts.)
  • To thank The James and Ohio State for the impact made on your life

How do endowments work?

  • All gifts to establish endowments are invested in a permanent Ohio State University Endowment Fund, comprising more than 2,500 individual name funds and a value of $1 billion.
  • Professional investment managers for the Endowment Fund make sound and well-diversified investments, including common and preferred stocks, corporate and government bonds, real estate and cash equivalents.
  • Endowments keep pace with inflation. In years during which there are excess earnings, the excess is retained in the endowment pool, ensuring growth for perpetuity.
  • Faculty chairs and professorships supported by endowment funds help Ohio State bring together some of the world's finest educators and researchers in all fields.

What types of endowments can you establish?

  • Named endowment funds, once approved by the Board of Trustees, provide support solely for the program, project, or research you designate.
  • A named endowed chair, professorship or dean's leadership fund can provide support for chair holders, faculty members and deans for current research and needs as well as for promising initiatives.
  • Named scholarship funds can be based on need, academic performance or other criteria established by you, the college or both.
  • Endowment funds for new facility construction, renovation and maintenance enable Ohio State to provide a state-of-the-art environment for teaching and research.

How can you establish an endowment?

 

a) Make a gift of $50,000 or more, outright or through your will;

or

b) Establish a pending endowment account with an initial gift of as little as $5,000; you then have up to 5 years to make subsequent gifts until the account reaches the $50,000 level.

 

Either way, gifts can be made in a variety of forms:

  • Cash
  • Real estate
  • Personal property, such as art, rare books, precious stones or antiques
  • Appreciated property, such as stocks, bonds or life insurance policies

In addition, we will work with you to create a written description of the endowment to be approved by you, The James and the University's Board of Trustees. This document ensures that there will never be a question about the intent of your gift or how the funds will be used.

 

How can you benefit from establishing an endowment?

  • By leaving a living legacy, which can be an enduring memorial to you, family member(s) or another namesake, such as a teacher or a mentor
  • With the pleasure of seeing your gift make a difference in the lives of The James patients, now and in the future
  • From the knowledge that the University will execute your wishes in perpetuity (You will receive yearly updates on your endowment's status from the University treasurer in Cornerstones, Ohio State's endowment fund report.)
  • From the satisfaction of giving to Ohio State
  • Through tax benefits from a prudently planned gift

Through named endowments, such as the Mary E. and John W. Alford Cancer Research Endowment, donors can honor and pay tribute to loved ones.

 

For more information about creating an endowment at The James, please contact The James Development Office:

 

By phone:  614-293-3744

 

By fax:  614-293-3746

 

By mail:
OSUCCC-James
Office of Development
660 Ackerman Road
P.O. Box 183112
Columbus, OH 43218-3112
 

By e-mailSteve Chaykowski

The Ohio State University Comprehensive Cancer Center – Arthur G. James Cancer Hospital and Richard J. Solove Research Institute (OSUCCC – James) 300 W. 10th Ave. Columbus, OH 43210 Phone: 1-800-293-5066 | Email: jamesline@osumc.edu