Scholarship Funds

What is a scholarship fund?

It is a way to help others pursue their education—with a focus of the donor’s choice. Scholarships can support students who are graduating from a particular school, attending a particular school, or studying a specific subject.

A scholarship fund is a way to give that is:

  • Personal: You can establish a scholarship in honor or in memory of a loved one, name it for yourself and/or your family, or to reflect a particular interest.
  • Enduring: You can make a permanent impact on the lives of the recipients, who in turn are very likely to continue the tradition of helping others when they are able.
  • Flexible: You can provide a scholarship now or plan a gift from your estate.
  • Efficient: You benefit from the most advantageous tax treatment for a charitable gift. And we take care of all administrative details.
  • Involved: Donors and their families may arrange to participate in the selection of scholarship recipients.

Who is it for?

A scholarship fund is ideal for families, individuals, and groups who:

  • Value education
  • Want to give others an opportunity to pursue their dreams
  • Want to establish a legacy to honor or remember someone who was special in their life
  • Are interested in active involvement in the selection of scholarship recipients

Financial Facts

  • There is no fee to establish a scholarship fund.
  • Scholarship Funds are charged 1.5% of the fund balance, plus any out-of-pocket expenses such as investment management fees, sales commissions, or other handling fees incurred directly by the fund.
  • Scholarships may be endowed (ensuring that they are awarded in perpetuity) or established as expendable funds (which allow you to make awards of up to 10% of the fund)

How to Get Started

  • Discuss a scholarship fund with your financial advisor or a member of ETCF’s fund development staff.
  • ETCF will work with you to customize a Fund Agreement.
  • Make an initial contribution.
  • Establish criteria for the scholarships.
  • Begin awarding scholarships.
 
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