Matching funds are available for a limited time to accelerate the growth in endowed fellowships (scholarships), faculty positions, and center directors. When a donor creates a new endowed fund or adds to an already existing fund, the School will elevate the value of the fund by providing a match which will increase the fund’s total value while ensuring a continuous funding stream to support generations of design leaders.
Each year, a portion of the value of the fund is paid out to support the fund’s purpose, and any earnings in excess of this distribution are used to build the fund’s market value. An endowment fund, over time, grows and provides support for its designated purpose in perpetuity. With the Weitzman Matching Program, more individuals will invest in our future and people to create an everlasting impact.
In order to receive the match, commitments must be made before June 30, 2021 (end of Penn’s campaign), and payments may be made over a five-year period. A donor can add to an endowed fund at any time, which increases the amount in the fund and the amount allocated in annual student fellowships. Furthermore, endowed funds exist in perpetuity and a donor receives annual reports on the fund recipients along with market growth.
|Donor Amount||Weitzman School Match||Total Gift|
Endowed Professorships and Center Directors
|Giving Opportunity||Donor Amount||Weitzman School Match||Total Gift|
|Assistant professor, presidential professor, professor of practice, center director||$1,000,000||$500,000||$1,500,000|
Target payout is 5% of total gift, future allocations based on University spending rule.