Endowed Giving for Scholarships
Why do donors establish endowed scholarships?
Friends and alumni of the Fraternity make gifts to establish named permanent scholarship funds:
- To honor their loved ones
- To recognize what the Fraternity has meant to them and to give back
- To show appreciation to or honor specific individuals
- To support programs of special interest
- To help undergraduate brothers in need
What is the impact of endowed scholarships?
Endowment gifts strengthen the Fraternity's permanent financial base, funding student aid through merit and need-based scholarships.
How are endowed funds invested and scholarships calculated?
Endowed funds are not disbursed. The Educational Foundation invests the funds and disburses the fund's earnings as scholarship awards. The Foundation's policy is to invest endowed funds, disbursing 5 percent of the endowed fund's market value each year and re-investing excess earnings to provide a hedge against inflation in future years.
How can I determine the level of my scholarship?
The minimum level to establish a named endowed scholarship fund is $10,000.
Do I have options in making my gift?
Many donors choose to give an outright, one-time gift to establish an endowed fund while others make a multi-year pledge until the minimum endowed level of $10,000 is attained, at which point disbursements can be initiated from the fund. Others make gifts of stock or include a bequest in a will or trust to initiate a scholarship at their death.
Can I build endowment and start my annual scholarship award now?
No. Scholarships will not be available until the scholarship has been endowed.
