endowment allows the cancer center to use the interest from a contributed
fund while not depleting the principal," said Jim Cornwell,
chief development officer, donor asset planning, at the UC Davis
Health System. "It can be in the form of a single major gift
or a combination of smaller ones. Since the principal remains intact,
it becomes a perpetual source of income, and through prudent investment,
can grow considerably."
the last five years, according to Cornwell, money invested in endowments
at the university grew from 25 to 30 percent annually. Because only
5 percent of the growth is spent each year, the principal of the
endowments has grown substantially.
Christine Landgraf Memorial Research Award is a good example. Founded
in 1973 with an initial donation of about $5,000 and benefitting
from additional donations since then, this endowment has provided
cancer research funds to 25 scientists at UC Davis. It has also
grown steadily and is now valued at more than $126,000.
creating an endowment, donors may specify how the funds will be
used. In the case of the Landgraf fund, for example, the annual
awards provide startup grants for research projects related to the
treatment of cancer and basic research into the underlying causes.
Among the recipients of funding from this endowment is Regina Gandour-Edwards,
the pathologist for the skull-base surgery program, featured in
this edition of Synthesis.
Table of Contents |
To our Readers |
Building on Basics
Focusing on Patients |
In Translation |
Campus Connection |
News in Brief
UC Davis Health System |
© 2000, 2001, 2002 UC Regents. All rights reserved.
and Jacque Bartholomew are long-time supporters of UC Davis and
have created an endowment in honor of UC Davis surgeon James Goodnight.