Endowment Giving at Jefferson

Your generosity heals, educates and transforms.

Make it last Endowment Giving at Jefferson H O M E

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Endowment Giving Opportunities Named endowment opportunities start at $50,000. The following are ways in which you can direct your endowment gift to achieve your personal philanthropic goals.

At a Glance Minimum Gift Level

Fund

Vital to Jefferson’s future financial stability, endowments ensure opportunities for the pursuit of innovative research; provide training and education for future generations of world-class physicians, health providers and scientists; and accelerate the path to achieving national and international standing in research and clinical care.

Jefferson offers many opportunities for donors to establish new named endowed funds. Gifts to the endowment may be directed to a specific purpose, such as scholarships or professorships, or designated for use by a specific college, clinical department or research focus. Endowments may be named for the donor or in memory or honor of someone special, such as a relative, friend, physician or faculty member.

$2,500,000 Distinguished Professor

Endowments are forever.

Department Chair

$1,500,000 Professor

$500,000 $1,000,000

We invite you to learn about the many ways a gift today can have significant impact on the lives of students, patients and their families – now and for generations to come. Please contact Stephen Smith, Senior Vice President for Development, at 215-955-6456 or Stephen.Smith@Jefferson.edu.

Term Professor

$500,000 Fellowship

How an Endowment works.

$100,000 Scholarship SKMC

Innovation/ Program/ Discretionary

Research

Scholarship (other colleges)

Lectureship

Patient Care

$50,000

Donor makes a gift to Jefferson and decides to endow it for a specific purpose.

The gift is invested by “buying shares” in Jefferson’s pooled investment fund.

The amount of earned income available is based on the current spending fund.

Earnings are distributed monthly and directed to the purpose of the gift.

Principal continues to grow in perpetuity, resulting in increased earnings each year.

Total gift amount may be paid outright or on a pledge schedule, generally up to five years...

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Endowed Funds and Minimum Giving Levels (Effective July 1, 2015)

Professorships $2,500,000

Distinguished Professorship

$2,500,000

Department Chair

$1,500,000

Professorship

$500,000 - $1,000,000

Term Professorship

Professorships enable Jefferson to make a permanent, substantial commitment to a researcher or clinician and his or her area of intellectual interest. Reserved for leaders in their fields, professorships signify Jefferson’s belief in a faculty member’s past contributions and future promise. They pay tribute to both the holder who has earned the distinction and the donor who has embraced the vision.

Endowed professorships are used both to reward and retain current faculty or to create new positions that attract internationally renowned faculty to Jefferson. Term professorships are geared toward junior faculty who are “rising stars” in their fields. Endowment earnings are used to support the chairholder’s salary and other costs related to his or her work.

Currently, Jefferson has approximately 65 named professorships—a modest figure overshadowed by the large number of deserving faculty. In the competitive environment of medical research, an endowed professorship helps us to retain our most outstanding faculty and to attract top faculty from around the world.

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Fellowships

Scholarships

$500,000

$100,000 - Sidney Kimmel Medical College $50,000 - Colleges of Thomas Jefferson University

Innovation in the health sciences depends on the constant exchanges between prominent researchers and gifted students. The beginning of a distinguished career often involves specialized training and/or research opportunities. Jefferson’s clinical fellowships provide the level of advanced training modern medicine requires and are designed to bring promising clinicians to another level of practice. Postdoctoral fellows are indispensable research partners for Jefferson’s senior investigators and productive scholars in their own right. Jefferson’s postdoctoral fellows are chosen from among the best and brightest PhD graduates in the world.

Gifts to endow clinical or postdoctoral fellowship funds give Jefferson a competitive edge in our ability to recruit the very best of tomorrow’s clinical and research leaders. Donors may select a preference, such as fellows doing research in a particular field, for their fellowship.

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Jefferson recruits the best and brightest students with the commitment and determination to become exceptional physicians, nurses, pharmacists and clinicians; innovative scientists; and academic leaders in their chosen fields.

Scholarship funds allow us to offer financial assistance to top students with diverse backgrounds, experiences and interests, ensuring that financial barriers will not deter applicants from pursuing a Jefferson education.

Through a scholarship commitment, donors have a lasting impact on today’s students, helping them to become future health professionals capable of pioneering new medical breakthroughs, delivering the best patient care and improving our healthcare system. Donors may select a preference, such as students studying in a particular college, for their scholarship.

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Innovation, Program Support and Discretionary Funds

Research Funds

$100,000

$100,000

These endowed funds may be established in support of a clinical department, institute, center, college, academic discipline or other Jefferson program of interest to the donor.

Financial support for research is critical to advancing innovative healthcare. An endowed fund to support our scientists and their research helps foster discoveries and nurture innovations that can lead to life-saving breakthroughs in medicine and affect the lives of individuals and their families now and in the future.

Innovation Support innovation by providing resources for Jefferson students, faculty and researchers to pioneer inventions, medical products and discoveries that lead to improved healthcare for our patients.

Program Support Enhance current programs by funding new initiatives, research, labs and lab equipment, faculty development or student enrichment activities.

Discretionary Funds Sustain our most vital necessities by contributing discretionary funds that can be used for any number of causes to advance the Jefferson mission.

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Research funds can be used to support a project in its initial stages or to provide supplemental funding for projects only partially covered by grants and other funding. In addition, they can be used to underwrite the costs of exploring new and unexpected avenues of discovery. Endowed research funds typically cover the cost of research materials, equipment, publications and other related expenses, enabling the researcher to pursue promising areas of scientific inquiry. Donors may select a preference for a particular clinical area or disease.

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Patient Care Funds

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Lectureships

$50,000

$50,000

Endowed gifts that support our patient care programs provide vital resources that ensure continued excellence, not only in the quality of care, but also the positive experience patients and their families have received at Jefferson for generations. In fact, many individuals who support our programs are grateful patients who have had extraordinary experiences in care and healing from our leading physicians—and are inspired to be part of all that we do for patients and their families.

Endowed lectureships are essential to the intellectual enrichment of Jefferson and the medical community at large. Lectures by visiting speakers promote dialogue across disciplines, connect our students with leaders in a vast range of health-related fields and attract the attention of the public and the media to the academic and scientific community at Jefferson. Donors may choose to create a lectureship in a particular area of interest or in a specific program or discipline.

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The Power of Endowment generating

An endowed gift of

Endowed gifts build lasting financial strength and provide permanent support for student scholarships, teaching, research and an abundance of other academic programs and activities. Earnings from your gift grow over time to fund your philanthropic priorities. This is a wonderful way to create your legacy.

will grow to

$100,000

$166,497

$130,805 during that time

(Estimated market value*)

over

PLUS: it keeps growing in perpetuity

20 years *Market value is the net of annual distributions.

GIVING LEVEL

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GENERATES ABOUT

$1,000,000

$45,000/year

$500,000

$22,000/year

$250,000

$11,250/year

$100,000

$4,500/year

$50,000

$2,250/year

THE POSSIBILITIES

• Provides seed funding to launch a project for a junior investigator • Underwrites Dean’s Transformational Science Award for cutting-edge research • Helps reduce a medical student’s debt at graduation by 25%

• Funds a research nurse to recruit patients into clinical studies on obesity • Covers the cost of a programmer to establish robust registry for rare diseases • Covers 75% tuition for a pharmacy student

JAZ • Covers 1/3 of a nursing student’s tuition • Covers basic medications/supplies for one year at three clinics • Funds the Jefferson Accelerator Zone’s (JAZ’s) annual JAZ Tank Community Start-Up Challenge

• Funds six months’ worth of medications and medical supplies for three homeless shelter clinics staffed by JeffHOPE students • Reduces PhD student’s cost by $18,000 over four years • Pays for a video microscope for clinical research

• Purchases a TV and recliner for the infusion center • Purchases wigs for 25 cancer patients undergoing chemotherapy • Helps fill the gap that project grants can’t completely cover

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Endowment FAQs Endowed funds are forever–when you establish an endowment fund, you create an enduring legacy of support for Jefferson. Jefferson’s endowment funds are invested for the long-term, and earnings from those investments provide a permanent source of funding for scholarships, academic programs, patient care and cutting-edge medical research.

Below are answers to some frequently asked questions about Jefferson’s endowment.

What is an endowed fund?

An endowed fund is a permanently invested fund, where the earned income will provide support of a general or specific purpose. The principal gift is never touched, but continues to generate income in perpetuity. Endowed funds are created for purposes including scholarships, professorships, research and programs.

What is the current value of the endowment?

As of June 30, 2015, Jefferson’s endowment comprised more than 755 individual funds totaling approximately $678 million.

What percentage of Jefferson’s expenses is funded through the endowment?

Endowment payout covers approximately 2.5% of Jefferson’s operating budget. Without this stable source of annual income, Jefferson would need to make up the difference by cutting expenses, raising tuition or 14

both. The more the endowment grows, the less Jefferson must rely on other sources of revenue.

What does it take to start an endowed fund?

Establishing an endowment can be done in a variety of ways, from outright gifts to future gifts such as charitable trusts and bequests. Donors often fund endowments as a single gift or spread the payments over several years in the form of a pledge. Endowed funds can become family traditions, with succeeding generations adding gifts to the principal established by a founding donor.

How long does it typically take for endowment gifts to begin to provide funding to the specified program?

Gifts to the endowment begin to generate income the month after they are invested in the pooled endowment.

The payout begins the month after the pledge is complete.

How is the endowment invested and what is the spending policy?

When an endowed gift is made, the funds are placed in Jefferson’s primary investment pool and converted into units within the pool. The pool is

managed by the University’s Investment Office, which is overseen by the Investment Committee of the Board. Each year, Jefferson spends “investment income” (also called the “spending distribution” or “payout”) from each endowed fund. Jefferson’s endowment includes both donorrestricted endowment funds and funds designated by the Board of Trustees (quasi-endowment) to function as endowments.

Pursuant to applicable law, the “investment income” is a percentage of the fund’s value and is called the “spending rate.” The spending rate generally ranges between 4.5 to 5.0%.

Jefferson’s endowment spending policy ensures a prudent trade-off between current program needs and long-term endowment purchasing power.

What is the gift level to establish an endowed fund?

Jefferson has set minimum gift levels for different types of endowed funds to ensure that sufficient income is available annually to support their designated purpose. See Endowment Giving Opportunities for current minimum levels.

Can I give to an existing endowment?

Yes, you can make a gift of any size to an existing endowment fund. There may be an existing endowment that reflects your area of interest to which you can contribute. Also, many donors who have established endowment funds in the past continue making gifts to them over time. The larger a fund is, the more it can do each year.

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Made Possible by You Because when you give, you make it possible to heal or save a life.

Because every act of generosity creates opportunity.

Thank you for considering an endowment investment in Jefferson.

We invite you to learn more about the many ways a gift today can have significant impact on the lives of students, patients and their families now and for generations to come.

To learn more about endowments and how to make a gift, please contact:

Stephen Smith, Senior Vice President for Development, at 215-955-6456 or Stephen.Smith@Jefferson.edu.

Jefferson Office of Institutional Advancement 125 S. 9th Street, Suite 600 • Philadelphia, PA 19107 Advancement.Jefferson.edu