Named scholarships are important to Kutztown University and provide donors with significant benefits. You may...
...experience the joy of making a significant difference each year in the life of the student who receives the scholarship.
...enable Kutztown University to attract and retain excellent students.
A scholarship may be named for yourself and/or to honor/memorialize someone who made a difference in your life.
In addition, you may designate eligibility requirements. Academic major, hometown, community activities, or similar parameters may be used singly or in combination as criteria. Scholarships may be based on financial need or merit.
A development officer will work with you to create a scholarship description according to your wishes.
Endowed Scholarships
You may create an endowed scholarship with a minimum gift of $10,000. The gift is invested and the annual interest is awarded as the scholarship. Income and gains beyond 5% annually are added to the principal, permitting the scholarship to grow. Because the principal cannot be expended, the scholarship will be awarded in perpetuity.
There are several ways for you to create an endowed scholarship.
Outright Gift
You may fund an endowed scholarship over a period of time with annual commitments of at least $1,000. Income and gains are added to the principal each year. One year after the endowment balance reaches the $10,000 minimum the scholarship is awarded.
If you would like to award the scholarship immediately, rather than waiting for the endowment to grow, you may make additional annual gifts of at least $500 to be awarded as the scholarship.
Installment Gift
You may fund an endowed scholarship over a period of time with annual commitments of at least $1,000. Income and gains are added to the principal each year. One year after the endowment balance reaches the $10,000 minimum, the scholarship is awarded.
If you would like to award the scholarship immediately, rather than waiting for the endowment to grow, you may make additional annual gifts of at least $500 to be awarded as the scholarship.
Planned Gifts
You may fund an endowed scholarship through an annuity or trust, thus, providing you with life income. (see Annuity/Trust).You may also fund a scholarship through a bequest in your will. (see Bequest).
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