Many donors choose to memorialize or pay tribute to a friend or loved one through the establishment of an endowed scholarship fund.
You may wish to make certain designations for your endowed scholarship fund such as a particular school, academic discipline, or department or include other selection criteria. The donor also may narrow the scholarship for merit- or need-based consideration or give primary consideration to one with secondary consideration to the other.
Endowed scholarships may be funded with a tax-deductible, charitable contribution of cash or securities. Many companies offer matching gift programs to encourage their employees to make charitable contributions. Matching gifts are a great vehicle for donors to maximize the impact of their gifts to endowed scholarships. Corporate matching programs will vary, so if you are interested in the availability of this program, you should check directly with your employer.
Endowed scholarships also may be established through a variety of planned gifts such as:
- Bequest through one’s will
- Insurance policy
- Retirement plan
- Life income plan
For more information on establishing an endowed scholarship at Cardinal Stritch University, contact Chris Lange, director of major gifts & planned giving, at (414) 410-4207 or email@example.com.