Gradually Funded Endowed Scholarships
Donors may gradually fund an endowed scholarship over several years and supplement the endowment earnings with annual gifts to complete the award until the endowment is funded to their satisfaction. We inform donors of the earnings level and the amount of the supplemental gift required for award each year. If the supplemental gift is not made, we will not award the fund earnings, but will return them to the principal and reinvest them in the scholarship account until we can give the minimum award. Donors may also initially fund the scholarship through annual gifts with plans to endow the scholarship at a later date as funds become available, such as with an inheritance or through estate plans.