Endowed Scholarships And Named Endowment Funds
A gift of any amount can be made to an existing endowed named scholarship, or a new endowed named scholarship can be created with the minimum amount of $10,000 (can be endowed over three years). An endowed named scholarship lives on in perpetuity and has specific criteria for recipients and annual award.
Named endowment funds offer donors an opportunity to associate a family or business name with a project or program of enduring worth. An endowment is similar to an investment account in which the generated earnings from the principal provide a permanent source of funding for the scholarship.
I wish a scholarship like this existed when I was there.
By arranging a sizeable scholarship for a single-parent nursing student in their last year of the program, it is my hope that that individual could complete the program while able to focus on parenting and studying and NOT on money. I would also hope that this individual would at some point in their lives think about paying it forward.
– Anonymous donor of an endowed scholarship