Endowed Scholarship Guidelines

What is an Endowed Scholarship?

If you would like to create a fund that will provide scholarships to students for years, an endowed scholarship can be a great option. An endowed scholarship requires you to donate a larger amount of money up front. If this is something you’re able to do, your money will help a greater number of students.

Permanently Endowed

• Money is provided to award the scholarship annually forever or until revoked
• Endowment amount is determined using a [4%*] capitalization rate.

                  -$500 annual scholarship would require a $12,500 endowment

                  -$600 annual scholarship would require a $15,000 endowment

                  -$750 annual scholarship would require a $18,800 endowment

                  -$1,000 annual scholarship would require a $25,000 endowment

                The investment earnings fund the scholarship.   

Temporarily Endowed Scholarships

• Endowments can be established in two ways:
  • Donor determines the amount of the scholarship to endow and the amount of the endowment.  DSF will award the endowed scholarship until the funds, and earnings thereon, are depleted applying a [4%*] earnings rate.
  • Donor makes an endowment contribution to fund the award for a set number of years. 

Named Scholarships

• Contribution is made to award a scholarship for one year and may or may not renew each year

For all scholarship types:

• Scholarship may or may not have specific criteria attached (e.g. student is involved in music, student plans to study education, student is a female athlete)
• The minimum amount of an annual scholarship award is $500.

*Rate is approved by the DSF Board.