For three centuries Yale has grown and prospered thanks to significant capital gifts from alumni, parents, and friends. Capital gifts ensure a strong permanent endowment, help to build and restore campus facilities, and sustain a comprehensive range of academic programs.
Capital gifts fall into the following categories:
Gifts toward the endowment are invested by the university, and the income from the gift is directed toward a purpose you select. Only the income from the principal is expended in accordance with the university’s spending rule, so that the gift continues in perpetuity, helping to safeguard Yale’s tradition of excellence against changing economic climates. Endowment opportunities include scholarships, professorships, and funds to support teaching.
David Schamis ‘95 and Rebecca Vitas Schamis ‘00 MBA wanted to help Yale make the next great scientific breakthroughs. Read how they are supporting research and teaching with a capital gift to Yale’s endowment.
Current-use gifts are spent within a specific period of time, rather than invested in Yale’s endowment. You may direct your restricted, current-use capital gift to a purpose of your choice such as rebuilding or renovating a campus facility or creating a term scholarship.
Carol Roberts ‘81 played field hockey and softball for the Bulldogs. She recently teamed with alumni and gave a capital, current-use gift to build a women’s field house.
Gifts toward unrestricted current use support the core priorities of the university, including student activities, general financial aid, teaching, and research.
Planned giving enables you to structure a long-term gift, such as a bequest or charitable gift annuity, in ways that benefit both you and Yale. For more information, see Planned Giving.
Grant Esterling ‘51, ‘54 LL.B. held a passion for Yale throughout his life. Read how he and his wife Toni support Yale students with planned capital gifts.