NCSU Libraries Focus Online

Volume 28 number 2 - Winter 2007

Incubator Endowment Program Tremendous Success

By Michael Gulley, Senior Development Officer

Over the past year, the NCSU Libraries has seen the creation of numerous endowments originally established as Incubator Endowment accounts. Through the establishment of these full endowments, supporters of the library are enhancing the Libraries' ability to purchase the books, materials, and technologies needed to sustain NC State University's intellectual excellence and to attract or retain key faculty members. The establishment of an Incubator Endowment and the continuous support to build it to a full endowment provides library supporters an excellent way to benefit students and faculty in their teaching, learning, and research for many generations to come.

The Incubator Endowment program is an innovative option for individuals or groups who wish to support the library's collection but do not have the immediate ability to establish a full endowment of $15,000. An incubator account can be established with an initial gift of only $1,000, and it then can be "grown" through gifts of any size and frequency. The initial donor or donors select a name and a subject preference for the account, but these are not finalized until the achievement of the full endowment level.

Once the endowment has reached its full status, all materials purchased with the income generated from the endowment are marked with personalized recognition bookplates and noted in the NCSU Libraries' catalog for easy identification.

Since the establishment of the Incubator Endowment program more than ten years ago, over 170 Incubator Endowment accounts have been established, and sixty of these have reached full endowment status, adding more than $1.4 million dollars to the Libraries' endowment. In addition to valuable resources that these endowments provide to the NCSU Libraries, each tells a story that demonstrates the wide variety of impact and connection that the library makes each day. The NCSU Libraries is pleased to announce the creation of the following new endowments, each of which began as an incubator account.

Davey Endowment--to support the NCSU Libraries' collections in all subjects and formats

Jinnie Y. Davis Endowment for Publications and Public Relations--to support the publications and public affairs program of the NCSU Libraries

Gloria Whetstone Houser Endowment--to support the NCSU Libraries' collections in all subjects and formats

Richard and Adeline Loeppert Endowment--to support the NCSU Libraries' chemistry collections in all formats

Wendell and Linda Murphy Endowment--to support the NCSU Libraries' collections in all subjects and formats

Kenneth A. Raschke Memorial Endowment--to support the NCSU Libraries' cancer research, treatment, and mathematics collection in all subjects and formats

Phillip and Elise Stiles Endowment--to support the NCSU Libraries' collections in all subjects and formats

Harold and Janet Swaisgood Endowment--to support the NCSU Libraries' food science and biochemistry collections in all formats

Lois Madden Todd Endowment for the NCSU Libraries Fellows Program--to support the professional development of a new librarian as the Lois Madden Todd Library Fellow

Upchurch Collection Endowment--to support the Upchurch Collection, including addition in related areas, in all subjects and formats

If you would like more information about the Incubator Endowment program, individual endowments, or the opportunity to establish an Incubator Endowment for only $500, please call Michael Gulley, senior development officer, at (919) 513-7315 or send an electronic-mail message to michael_gulley@ncsu.edu.