Set Up A Scholarship Fund

Set Up A Scholarship Fund

Testimonials

"I cannot thank you enough for this gracious contribution to my academic goals. I hope to one day be employed in my local community to better help those around me in the agricultural field."

– High School Graduate

"Thank you for your investment in students like me. I hope to give back to my community someday too."

– High School Graduate

Additional Information

Scholarship Fund Basics

  • Scholarship Funds are investment funds that are set up to financially assist students in their pursuit of higher education.
  • The scholarships are used by the recipients to pay tuition and other college related costs.
  • Scholarship selection is a competitive process.
  • There are several ways that scholarships are administered through CommunityGiving.

What Is a Scholarship Fund?

  • Contributions are placed into an endowment fund and invested for the purpose of providing scholarships to students.
  • Investment earnings make the scholarship possible. The earnings are used to pay the scholarship to the student’s school. The remaining dollars are invested to grow the fund so that the scholarship fund can grow.
  • The IRS has several standards that scholarship funds must follow, including:
    -be competitive on a defined basis
    -apply to a broad applicant pool
    -not be controlled by the donor

Things To Consider

Envision the type of student you want to help.

  • Where are they from?
  • What are their interests?
  • Are they pursuing a certain degree or program? Example: Teaching, Mechanic, Welding, Science, etc.
  • Are they currently active in specific programs? Example: Athletes, Leaders, Arts, Musicians
  • Does current academic standing play a role?
  • Does the student’s family financial situation matter?

Visiting With Foundation Staff

  • Share your vision and criteria for the scholarship.
  • Staff will share more about how funds are invested and distributed.
  • Establish the fund.
  • Review which format will work best for the scholarship.

Set Up A Scholarship

To set up a scholarship, staff is available by phone (877) 253-4380 or anytime by emailing info@communitygiving.org.