WESTERN OKLAHOMA STATE COLLEGE FOUNDATION, INC.
Oklahoma State Regents’ Endowment Trust Fund
Background
The Oklahoma State Regents’ Endowment Trust Fund has been
established as a vital step in strengthening academic programs
throughout Oklahoma’s system of public higher education. With strong
support of the Legislature and the Governor, state money was
allocated to establish the program in 1988. The Regents’ fund has
continued with successful progress utilizing both private and public
sources in funding. Additional private matching funds are on deposit
in college and university endowment funds and foundation accounts.
Purpose
The endowment program is designed to enhance the quality of higher
education in Oklahoma by providing state funds as a match for
private donations for the establishment of endowed chairs,
distinguished professorships, visiting professorships,
artists-in-residence, and lectureships. In addition, the program
encourages the growth of public/private partnerships to support
higher education. Concerned with Oklahoma’s growth and development,
the State Regents have specified that endowed chairs and
professorships be established in academic areas that will contribute
to the cultural, business, scientific, or economic development of
the state.
GENERAL INFORMATION
Funding Levels
The levels indicated for each category are the amounts of private
donations required to establish an account. Upon approval by the
State Regents, the private donation will be matched dollar for
dollar with public funds in the Endowment Trust Fund
Endowed Chairs
Endowed chair accounts may be established at Western Oklahoma
State College with a minimum contribution of $250,000.
Distinguished Professorships
Professorships may be established at Western Oklahoma State
College with a minimum contribution of $125,000.
Lectureships and Artists-in-residence
Lectureships and artists-in-residence accounts may be
established at Western Oklahoma State College with a minimum
contribution of $25,000.
Matching Private Funds: To encourage the support of the private
sector, the endowment program requires that Western Oklahoma
State College Foundation, Inc. raise private funds to match
money in the Endowment Trust Fund. These private monies must
have been contributed after 1988, and may be given over a three
year period. Private matching money will be deposited with the
Western Oklahoma State College Foundation, Inc. with Western
Oklahoma State College being the sole beneficiary.
Investment Income
The trust fund principal will remain intact, and earnings
from investment of the principal will be allocated to Western
Oklahoma State College to support the endowed chair,
professorship, or lectureship. Any investment income not
designated for expenditure becomes part of the fund’s principal,
which ensures protection from inflation.
BENEFITS
- Enhance Academic Quality For WOSC Students
- Recruit Outstanding New Faculty for Western Oklahoma State
College
- Spur Research and Economic Development
For more information, contact the
Office of Development and Alumni Relations
2801 North Main
Altus, Oklahoma 73521
(580) 477-7706
foundation@wosc.edu
