Endowment Giving

When you endow a fund, the earned investment income will be generated in perpetuity and used for the area you choose to support. This provides Mount Sinai with the surety to build its talent and programs and gives you the satisfaction of creating a lasting and sustaining impact to science and medicine.

Many endowed programs or positions can be named, ensuring ongoing recognition. You can also create a lasting tribute by naming in honor or memory of someone.

Contributions are tax-deductible.

There are a variety of endowment categories at Mount Sinai, starting at a minimum six-figure funding amount. Donors can endow student scholarships, programmatic funds, and positions used to attract world-renowned talent to fellowships, professorships, chairs, directors, or deans.

Endowment funds are invested according to policies established and regularly reviewed by the Mount Sinai Boards of Trustees, which include the Finance Committee and the Investments Committee. Endowed funds are invested in the Mount Sinai Health System’s investment pool, which is managed by the Investments Committee of the Boards of Trustees. 

In managing and investing pooled investments, the real total return concept is utilized, encouraging both income and growth, with an objective to protect the purchasing power of each endowment by maximizing the risk-adjusted return through diversification of the assets. The annual endowment income distributed is approved annually by the Boards of Trustees in accordance with Mount Sinai’s Management and Investment of Institutional Funds Policy, which governs Mount Sinai’s compliance with the New York Prudent Management of Institutional Funds Act (NYPMIFA).

An endowed professorship is considered a highly prestigious honor in the academic medical world, and Mount Sinai often uses these positions to reward its best faculty members or to recruit top talent. 

Endowed fellowships are also highly selective and enable Mount Sinai to recruit the next cohort of physicians and specialists. Faculty recruitment, the definitive indicator of an institution’s strength, requires a source of perpetual income to meet and surpass offers from competing institutions for top talent, which is why endowed funds are critical in Mount Sinai retaining its standing as a research powerhouse.

Endowed scholarship funds provide a steady stream of support for students at the Icahn School of Medicine, Graduate School of Biomedical Sciences, and the Phillips School of Nursing. Scholarship support ensures that Mount Sinai is able to attract a broad and talented cohort of applicants and provide an exceptional education to all students regardless of their ability to pay. Learn more about supporting students.