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More than 550 retired faculty with emeritus standing from Arizona State University and other universities remain active in their disciplines. The Emeritus College fosters the scholarly and creative lives of its productive scientists, scholars and artists and promotes service and engagement with the university and community. The Emeritus College Endowment provides long-term financial stability in support of the college's programs. With an endowment, the principal amount is kept intact and the investment earnings are distributed. Thus, an endowment fund serves as a permanent source of support. By college policy, each $50,000 of Endowment Fund principal will generate one $2,000 Undergraduate Research Internship per year in addition to contributing to the growth of the fund.