The Acorn Endowment is a new way to start an endowment at the University of Houston Libraries.
The Acorn Endowment at the University Libraries is an endowment that has already been fully funded by a generous donor. Those who want to begin their own endowment can do so through The Acorn Endowment with a first gift of $1,000 or more. Each year, or as funds become available, gifts can be added to your own Acorn Account within The Acorn Endowment until the minimum funding level of $10,000 is reached through donations. Once your Acorn Account reaches full funding though gifts, it can be removed from The Acorn Endowment to become a stand alone endowment, ready to provide the Library with interest income for whatever purpose you select.
Anyone can contribute to your Acorn Account at anytime and for any reason:
You can take as little or as long as you need to reach full funding on your Acorn Account – there is no time limit on this funding period. During the funding period of your account, all distributable interest income will support the library’s greatest need.
For more information contact Iska Wire, Library Development Director at (713) 743-9741
