Establish A Scholarship Fund

For many reasons donors are often interested in creating scholarship funds. For instance...

 

• The opportunity to help young people in our communities continue their education.

• The chance to support the study and advancement of an interest close to their heart, such as medicine or art history.

• To simply encourage educational achievement.

• A local business may establish a fund to provide assistance for the children of the company's employees.

 

Usually created as permanent endowments, investment earnings from these funds provide scholarships to deserving young people. Often, scholarships memorialize a loved one or honor a special person. Depending on the particular scholarship, you may be involved in:

 

• Developing the selection criteria and application materials.

• Notifying the appropriate sources, such as high school guidance counselors and youth organization leaders, of the availability of the scholarship.

• Reviewing applications.

• Developing terms of the scholarship.

• Ensuring that the terms of the scholarship (i.e. minimum grade requirements, enrollment status, etc.) are met.