Endowment Scholarship
This scholarship can be established with a minimum commitment of $50,000. Because the gift amount is restricted and remains in perpetuity, only the revenue from the endowment supports annual scholarships. The donor may designate which type of student he/she would like to sponsor; i.e. from a single parent home, of a certain ethnic group, homeless children, adopted children, etc. As an endowed scholarship, the amount available depends upon the gift amount. For example, a $50,000 gift would provide one $2500 scholarship each year to a student*.
| Commitment | Est. annual scholarship funds available | Approximate number of annual scholarships @ $2500 each |
|---|---|---|
| $1,000,000 | $50,000 | 20 |
| $500,000 | $25,000 | 10 |
| $250,000 | $12,500 | 5 |
| $100,000 | $5,000 | 2 |
| $75,000 | $3,750 | 2 ($2,500 and $1,250) |
| $50,000 | $2,500 | 1 |
*Assumes a return of 5%. Actual amounts may vary.