Project Support – Africa International University

Africa International university Schools offer world-class education right here in Africa. The greatest roadblock is the lack of a world-class business and technology center, one that will be truly transformative for AIU. New facilities are imperative for the university to keep grow into all that it can become.

Creating an optimal campus environment is a central element in AIU’s strategy to become recognized as a truly great international university. Philanthropic support is sought for several key projects, including:

Key Projects

Academic Initiatives

To further build academic quality and reputation, AIU must strengthen targeted programs:

School of business, economics and ICT
School of Education, Arts and Social Sciences
Nairobi Evangelical Graduate School of Theology
Institute of Study for Africa Realities

Capital Projects

The construction of the state of the art Leah Ngini community and students Centre
Comprehensive new facility for the school of Business and Economics
Consequently, the University intends to construct the AIU business Village, including state-of-the-art technological, incubation and teaching spaces.
An improved sporting facility: In recent years, athletics has helped expand the reach and recognition of the University, thus need to renovate all athletic facilities to the highest standards

Endowed Funds

What is the endowment?

At Africa International University, the endowment comprises the long-term investment assets of the University. These assets are invested in perpetuity, and only the income from the investments can be spent each year. Funds enter the endowment from two primary sources: gifts from donors and additions to long-term savings that are set aside by the Board. Each year, AIU Governing Council commits additional funds for long-term investment to secure the future of the institution.

What is an endowed fund?

Endowed funds are created by donors who wish to establish permanent funds to support scholarships, chairs, professorships or other University programs. When assets are donated to an endowed fund, the gifts “buy shares” in AIU’s endowed investment pool, which operates in a manner similar to a mutual fund. Endowed funds are named and used according to the donor’s wishes. By law, only the income and related gains may be spent. The principal must remain intact. Annual spendable income from an endowed fund can be expended only for the fund’s specified purpose.

What investment is required to establish an endowed fund?

The amount required to establish an endowed fund at AIU varies depending on the fund’s purpose. For instance, a named scholarship can be endowed with a gift of Kshs. 2,500,000 or more. Likewise, an endowed professorship can be named with a gift of Kshs. 5, 000,000 or more and an endowed chair for Kshs 10,000,000 or more. Some donors choose to contribute over time, building toward the naming level of their fund with each gift. Regardless of how long it takes to fund a named endowment, the benefits will support the University and its programs far into the future.