An endowment gift is one of the most powerful gifts a donor can make to Virginia Athletics. Endowed funds provide a lasting source of support for Virginia Athletics. Gifts can be made to establish endowed scholarship funds or sport-specific operational funds to assist with annual budgetary needs.
The Foundation is able to fund the 316.6 athletics scholarships allowed by the NCAA for the 25 varsity sports sponsored by UVA each year, but only a small percentage of those are funded by the endowment. Currently, 106 student-athletes have been awarded endowed scholarships. The goal is to endow all of the scholarships in order to rely less on the Annual Fund.
Gifts to establish endowed scholarships are invested and an annual distribution is used to provide funding for designated scholarship recipients. Gifts can be made at any level to the scholarship endowments. An endowed scholarship recognition wall is located in John Paul Jones Arena. The Virginia Athletics Foundation works with the Virginia Athletics administration and UVA head coaches to recognize deserving student-athletes who meet the criteria of each of our named scholarships.
Like an endowed scholarship, an operational endowment provides an ongoing source of financial support for the designated team. Gifts to an operational endowment are invested and an annual distribution is used to assist in the funding of the designated team’s budget. Naming opportunities begin at $50,000 but gifts of any size can be made toward operational endowments.