The UH Foundation endowment paid out greater than $12 million to College of Hawaiʻi packages supporting college students and school this previous fiscal yr. The tangible results of those endowment investments are illustrated via the intertwined tales of L. Stephen Lau and Daniel Dores.
Defending Hawaiʻi‘s water
Lau and his spouse Virginia established the L. Stephen Lau Water Analysis Scholarship endowment in 2004 to additional information of Hawaiʻi’s pure waters. An emeritus professor of civil engineering at UH Mānoa, Lau was director of the UH Water Resources Research Center from 1971 to 1990. The Lau scholarship is awarded yearly, and its affect on college students and their vital work continues for for much longer.
In 2017, Dores, a graduate scholar in geology and geophysics, acquired the Lau scholarship whereas researching groundwater assets. Dores used funds from the scholarship to investigate further water samples, including one other layer to his analysis, however the advantages went past additional time within the lab.
“It additionally taught me concerning the historical past of water science in Hawaiʻi,” Dores mentioned, “and it gave me context for my very own analysis and the way my work match into the higher narrative of the research and safety of Hawaiʻi’s water assets. It made me really feel like I used to be part of one thing larger: a decades-long marketing campaign to offer one of many state’s most important assets.”
Dores acquired his grasp’s diploma in 2018 and continues to contribute to water analysis at UH Mānoa as a geothermal geology technician for the Hawaiʻi Institute of Geophysics and Planetology.
The Lau scholarship endowment is considered one of 1,591 endowed accounts at UH. Of those, 1,029 are designated for scholar help.
Tim Dolan, UH vp of development and UH Basis CEO mentioned, “In these instances of uncertainty, endowments present stability, permitting UH to imagine in and plan for brighter tomorrows. Scholarship endowments hold college students on their course whereas the panorama shifts beneath them. Researchers and professors are in a position to stay targeted on their work, and packages proceed their innovation and scholar improvement with dependable endowment funding.”
The UH Basis endowment’s market worth was $341.4 million as of June 30, 2020. The $12 million paid out that yr included $5 million for scholar help, $3.5 million for chairs and professorships and virtually $1.6 million for college and educational assist.
“Having a strong endowment is completely vital as, even in these instances of flux, it continues to offer a gentle earnings. The affect for our college and our state has been vital,” mentioned C. Scott Wo, UH Basis Board Funding Committee chair. “We’re deeply grateful for our donors’ partnership and philanthropic investments as we navigate these instances collectively.”