Endowed Scholarships

Guidelines for Creating Endowed Scholarships or other funds in Honor of or in Memory of Alumni, Staff or Friends
The following criteria apply to creating endowed scholarships or other endowed funds to honor alumni, staff or friends:

1. The family and/or primary sponsor(s) of the fundraising effort should pledge collective gifts totaling the amount needed to endow the fund. If, for reasons such as the expectation of other gifts through mention in the obituary, etc., the family and/or primary sponsor(s) do not pledge the total amount needed to endow the fund, all parties should understand and agree with the disposition of gifts as outlined in 2.
         
2. If the total of gifts received does not reach the endowed level within the specified time frame, gifts will be added to the existing Scholarship Endowment Fund or an appropriate existing endowed scholarship fund.

Matching Gifts
If a corporation will match the donor’s gift, the amount contributed by the corporation will be credited as part of the donor’s gift as associated credit unless explicitly prohibited by the matching corporation. An anticipated match may be counted toward the minimum needed for creating a fund, provided the donor agrees in writing to be responsible for the entire anticipated amount should the matching corporation fail to match as anticipated.