A scholarship endowment fund is a personalized endowment you create to help students achieve their educational goals, empowering them to improve their lives. These funds can be established to help pay tuition or other expenses for K-12, college students, and returning adults attending any accredited educational institution (colleges, private and parochial schools, or vocational schools). Scholarship endowment funds are a wonderful way to memorialize a loved one and create a lasting legacy.
Scholarship Endowment Funds
Empower Students to Accomplish their Dreams.
What is a Scholarship Endowment Fund?
- Easy: Our experienced staff will work with you to capture your vision for the scholarship purpose and criteria. Once the fund is set up, we’ll take care of the details and administrative paperwork to ensure scholarships are distributed on time and in accordance with your charitable wishes.
- Flexible: After you establish your fund, you may add to it at any time, and the Community Foundation can accept gifts of many types of assets.
- Personal: Your fund is established according to your individual values and goals – from eligibility requirements to purpose and guidelines.
- Customized: Scholarship funds can be set up two different ways: with an advised scholarship fund, scholarship recipients are determined by an independent advisory selection committee; with a designated scholarship fund, the designated annual disbursement amount is automatically paid to a school of your choice and the scholarship recipients are determined internally by the school.
CONSIDER CREATING A SCHOLARSHIP ENDOWMENT FUND IF YOU:
Want to support educational attainment and empower local youth to achieve their dreams.
Want to memorialize a loved one by opening a named scholarship fund with an initial gift requirement of at least $25,000.
Create a personalized scholarship fund that supports recipients and reflects the values that are most important to you.
Give back to the community by providing opportunities for the students of tomorrow.
Getting Started is Easy.
The Community Foundation will provide a 20% match for gifts made to eligible endowed scholarship funds up to $10,000 per fund, per year.