ESTABLISHING A SCHOLARSHIP
Essentially, there are two types of named scholarships available through the Foundation. These include:Annual Named Scholarships which require an annual contribution ($1,000 minimum suggested);
Endowed Scholarships which require a minimum contribution of $25,000 and may be paid over a period of five years.
Many ways exist to fund a scholarship including gifts of cash, appreciated securities, personal or real properties, bequest, trust, life insurance policy or retirement funds. The Scholarship Agreement In designing the scholarship, you and the Foundation create an agreement that delineates the criteria for awarding the scholarship. The Foundation encourages you to keep the criteria as broad as possible. The more restrictive the criteria, the more difficult it is to award the scholarship. A sample agreement and an outline of an agreement are available for your review as you plan your scholarship.
Giving to an Existing Scholarship
If you are interested in providing funding for scholarship purposes, but you aren’t ready yet to establish a named scholarship, contributing to an existing scholarship is an opportunity that may fulfill your intention. Simply earmark your contribution for the general scholarship fund or select an existing scholarship from among the list of Foundation scholarships.
TEN WAYS TO FUND A SCHOLARSHIP
