While many individuals choose to make a one-time gift for specific programs there are others who prefer to create a lasting legacy through a gift of an endowment. Endowment funds are invested to earn interest over time with the interest earnings distributed as the donor designates. While the principal remains intact, the interest income may be reinvested or used for the program specified, thus assuring that the gift will continue in perpetuity.
Endowments are created within the Rowan University Foundation. The Foundation works with the School of Osteopathic Medicine to solicit private donations from individuals, corporations and other foundations that wish to advance healthcare in New Jersey. It works closely with individual donors to help them identify and define the type of gift they wish to give and how they would like the gift to be used. Endowment funds, which begin at $25,000, are often named in honor of the donor or his or her designee. Donors are assured that every gift is used exactly as they specify.
The New Jersey Institute for Successful Aging (NJISA) has been the recipient of several endowments, which support the overall missions and vision of the Institute, including innovative educational programs, groundbreaking research or important patient care programs. Through these endowments, our donors are able to make a difference in the lives of their loved ones and thousands of others throughout the state and nation.