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Endowments and Scholarships
Endowed funds provide annual awards supporting student scholarship, research, program support, and equipment. Earned income is used for making the award based on an annual spending policy determined by the Foundation.
An endowed fund requires a minimum principal balance of $10,000 which may be accomplished by a pledge over a period of not more than five years. Planned or deferred gifts may also be used to establish an endowed fund.
Only the earnings from the principal are awarded as outlined in a memorandum of understanding specific to each fund. These funds are carefully monitored in perpetuity to ensure that any special conditions or provisions relating to the gift and its original intent are carried forward. The endowment has an annual rate of return considered to be above average with a strategy to provide a conservative return and long-term growth.
For more information on establishing an endowment, please contact us at 301.687.4161 or toll free at 866.241.3296.