Scott Elliott Endowment in Economics
In June 2006 Scott M. Elliott made a gift of $250,000 to create the Scott Elliott Endowment benefitting the Department of Economics, Philosophy, and Sociology and Anthropology. The principal and expendable balances in this endowment were divided equally among three separate endowments. The purpose of each fund is to support the educational mission of the named department. Assets of this endowment are invested in the Illinois State University endowment Investment Pool. In December 2007 Scott M. Elliott made a gift of $100,000 to create the Scott Elliott Endowment in Economics. The fund supports the highest priorities in the Department of Economics as determined by the department chair. It is permissible to accumulate the expendable allocation over several years for the purpose of funding expensive priorities that cannot be funded through the annual general revenue funds.