No. At AUB, as at most other academic institutions, tuition covers only a portion of the full cost of a student’s education. Gifts to AUB play a very important role in making up the difference between the income the university receives from tuition fees and the expense of providing an AUB education.
Annual gifts are spent during the year in which they are made for current expenses.
Endowed gifts are invested. Only a portion of the money that the endowed fund earns is spent according to the university’s spending policy. Money that the endowed fund earns that is not spent is reinvested. This enables the endowment to provide both immediate funding and long-term support.
Donors may establish an annual named scholarship with a minimum gift of $10,000 and a commitment of at least three years. This annual named scholarship will exist and be awarded only in the year in which it is funded.
To establish a permanently endowed named scholarship requires a gift of at least $100,000. The gift to establish a permanently endowed named scholarship is invested. Only a portion of the money that the endowed fund earns is spent according to the university’s spending policy. Income from the endowed fund is distributed on an annual basis to support scholarships according to the terms of the endowed fund. Money that the endowed fund earns that is not spent is reinvested. This enables the endowment to provide both immediate funding and long-term support. The endowed named scholarship fund will exist at AUB in perpetuity.
The Annual Fund describes all monies donated to the university except for gifts received for endowments or capital expenses. Proceeds from the Annual Fund are used to support, for example, scholarships, the AUB Medical Center, faculty and student research, laboratory equipment, and outreach.
When you make an unrestricted gift, you are leaving it up to the university to allocate funds where the need is greatest. This flexibility enables AUB to meet unexpected challenges and take advantage of unique opportunities. Your unrestricted gift to one of AUB’s annual funds supports financial aid, the AUB Medical Center, libraries and facilities, teaching, and research.
Yes. Each gift of any size is appreciated – and makes a difference. Even a small increase in the percentage of people who donate to AUB can help the university secure additional gifts. Many potential funders, for example, consider the support that an institution receives from its alumni, trustees, parents, faculty, and staff when deciding whether or not to make a gift.
Yes.
Yes, to the extent allowable by law.
An endowed fund is a gift of cash or assets that is given to AUB to be invested. An endowed fund can be unrestricted, providing a resource that can be used to meet current university expenses, or it can be restricted for specific purposes.
Only a portion of the money that the endowed fund earns is spent; the balance is reinvested. This enables the endowment to provide both immediate funding and long-term financial support. These funds are managed by the AUB Board of Trustees as part of the university’s overall endowment, which is currently valued at more than $730 million.
All gifts that are made to establish an endowment are fully invested. Only a portion of the money that the endowed fund earns is used to support the donor’s designation. AUB’s current spending policy stipulates that it spend 4 percent of the moving average market value of its portfolio over 20 quarters. This means that, for example, a $3 million endowment would generate about $120,000 in its first year of return. It has been our experience – and it is our expectation – that AUB’s portfolio will earn more than 4 percent a year. The additional funds would be added to the principal. As a result, the size of the endowed fund should grow over time thereby generating more money on an annual basis.
Donors who establish, or contribute to, an endowed fund, do so because they want to make a gift that will benefit AUB not just today, but for generations to come.
Many donors also choose to establish a named endowed fund because they want to honor a particular individual in a way that ensures a prestigious, permanent association with AUB.
A minimum gift of $100,000 will establish a permanently endowed scholarship fund that will cover the partial cost of tuition. The full amount of the gift is invested. Income from the endowed fund is then distributed on an annual basis to support scholarships according to the terms of the endowed scholarship fund.
A minimum gift of $550,000-1,025,000 (depending on the faculty) will create an endowed scholarship fund that will cover the full cost of tuition and mandatory fees. Full-tuition endowment costs per faculty are based on a 4 percent annual yield.
Average Undergraduate Tuition and Mandatory Fees per Faculty – Academic Year 2018-19*
|
Average Annual Tuition Fee USD |
Cost of Full-Tuition Endowment USD |
|
| Faculty of Agricultural and Food Sciences (FAFS) |
$23,000 |
$575,000 |
| Faculty of Arts and Sciences (FAS) | ||
| Freshmen |
$23,000 |
$575,000 |
| Humanities and Social Sciences |
$22,000 |
$550,000 |
| Sciences |
$23,500 |
$590,000 |
| Financial Economics |
$27,000 |
$675,000 |
| Faculty of Health Sciences (FHS) |
$25,000 |
$625,000 |
| Faculty of Medicine (FM) |
$41,000 |
$1,025,000 |
| Maroun Semaan Faculty of Engineering and Architecture (MSFEA) |
$33,000 |
$825,000 |
| Rafic Hariri School of Nursing (HSON) |
$24,000 |
$600,000 |
| Suliman S. Olayan School of Business (OSB) |
$25,000 |
$625,000 |
*Tuition does not include the cost of accommodation, books, or other incidental expenses.
Yes. You can make a bequest to AUB. Many alumni and friends also provide invaluable assistance to the university by volunteering their time to support one of the growing number of AUB volunteer groups and the dozens of WAAAUB alumni chapters and branches around the world. Contact us at 212-583-7662 in New York or +961-1-738009 in Beirut or by email at development@aub.edu.lb if you would like more information about volunteering at AUB.
