Establishing a Scholarship Fund
Many of us have been blessed with marvelous educational opportunities. Thanks
to the generosity of someone who came before us, we were able to realize our
potential. You, also, can help improve the lives of the students of tomorrow.
The Fort Wayne Community Foundation is proud to manage nearly 80 scholarship
funds for students. In 2002, we awarded nearly $1.5 million to students for
college tuition, or for tuition at a private or parochial school.
Establishing a scholarship fund is a common charitable goal for many
individuals and organizations. Scholarships are viewed by many as an investment
in the future. For some donors who may have received scholarship assistance in
the past themselves, establishing a scholarship fund is an opportunity to help
other students in a similar way. It's a wonderful way for donors to "give
back to the community" in recognition of their appreciation for their
education.
The Fort Wayne Community Foundation makes it easy for donors and
organizations to establish scholarship funds by providing administrative
assistance to help manage the fund. We can help you establish the fund, develop
selection criteria, and distribute grant applications in the community.
Most scholarship funds at the Community Foundation are permanent endowments,
with the annual earnings used to provide the scholarships. The minimum needed
for a scholarship endowment is $10,000.
The Community Foundation can also administer scholarship funds established
through wills or trusts. Financial advisors working with donors interested in
this type of bequest should make their clients aware of the Community Foundation
scholarship program as an option for administration of scholarships for a wide
range of educational purposes.
For additional information on our scholarship program, call us at 426-4083.
Take the steps to establish a scholarship fund to honor your parents, a
former teacher, or someone who influenced your life. Or, make a gift to an
existing scholarship fund. Either way, you'll be helping to provide
opportunities for the students of tomorrow.
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See also:
Advantages of the Community Foundation
Ways to Give
Types of Funds
Establishing Scholarships
Charitable Gift Annuities
Frequently Asked Questions
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