Types of Scholarship Funds
Gifts to Scholarship Funds are completely tax-deductible, and can be made on an annual basis (renewable every year) or permanently endowed.
An Annual Named Scholarship provides direct funding which is renewable from year to year. To name a fund with specific criteria we ask for a minimal commitment of $5,000 annually. These gifts are awarded in full in the year they are donated.
An Endowed Named Scholarship can establish a fund that will provide on-going support. A minimum donation of $45,000 will provide approximately $1,500 in scholarship support each year after an initial first year of maturity. Gifts at this level and higher will establish a named fund in perpetuity with specific criteria.*