SMU is fortunate to have a substantial endowment, just over $1 billion. However, only about 16% of SMU's annual budget is obtained from the endowment each year. Also, in order to generate endowment income equal to the amount raised by annual funds last year, the endowment would have needed to grow an additional $42 million. Annual giving dollars go immediately back to the students by providing scholarships, securing the finest faculty, improving technology, among other great needs. Regardless of size, your support is important and does make a difference to the students of SMU.
Every tax-deductible gift makes a difference to SMU. Your gift sends a powerful message that you support this institution and its educational mission, and it has made a difference in your life. Gifts of all sizes make an impact. Some foundations and other grant-making organizations look at the number of gifts rather than total amounts when determining grant requests. Your gift, viewed as a vote of confidence, could help SMU secure thousands of dollars in funding.
Tuition, fees, and endowment income don't cover the total cost of what it takes to provide an SMU education each year. In fact, tuition covers only about 71% of the entire cost of an SMU degree. Many people don't realize that alumni have always supported the SMU Fund to help defray the cost of rising tuition. Alumni, parents, and friends contribute to the SMU Fund each year and help meet the University's ongoing need for flexible, unrestricted income to support our academic missions.Last year alone, thousands of donors provided significant support to the SMU Fund that helped the [...]