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|
|$75,000||$3,750||2 ($2,500 and $1,250)|
*Assumes a return of 5%. Actual amounts may vary.