In establishing an endowment, you make a promise to contribute loyally to an organization.
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The Ashbel Smith Circle is a recognition society named after the man who was the first president of the UT System Board of Regents. You become a member of the Ashbel Smith Circle when you establish an endowment for the benefit and use of the Chancellor of The University of Texas System.
The Ashbel Smith Circle recognizes six levels of giving.
Visionaries: Donors who endow $500,000 or more.
Luminaries: Donors whose endowments are between $200,000 and $499,999.
Founders: Donors whose endowments are between
$150,000 and $199,999.
Laureates: Donors who establish endowments of $100,000 to $149,999.
Fellows: Donors who establish endowments of $50,000 to $99,000.
Associates: Donors whose endowments are between $10,000 and $49,999.
The principal of an endowment is never spent; it is held and invested and its earnings provide continual support to the UT System. You can establish an endowment with a pledge to give at least $10,000; you will have five years to fund your gift. After the endowment is fully funded, you may contribute to the principal, if you wish, but you are not obligated to make future gifts.
To become a member of the Ashbel Smith Circle, contact us at (512) 499-4740, or email us at firstname.lastname@example.org.
Who was Ashbel Smith?
Ashbel Smith, M.D., was the first president of The University of Texas System Board of Regents. He had a long and distinguished career in medicine, education and public service.
During his term on the Board of Regents, Smith was dedicated to recruiting the best faculty members available and to developing a curriculum befitting a "university of the first class." Smith became known as both the "father of Texas medicine" and the "father of The University of Texas."
It is appropriate that individuals investing in UT System endowments in perpetuity be linked to Ashbel Smith's name.