Create An Endowed Scholarship
An endowed scholarship creates a lasting impact in our community because it will help students indefinitely. Endowed scholarships are established with a gift of $50,000 or more, which is carefully invested and managed by the SLCC Foundation Board. Scholarship awards are made from a portion of the interest earned from the fund, which allows for the scholarship endowment to grow substantially over the years. The SLCC Foundation currently stewards 65 scholarship endowments that help hundreds of students each year.
You can create the criteria that will determine which students received your scholarship.
You can consider things such as:
- Area of study or major
- Student background such as single parents, students who’ve been impacted by the incarceration of a parent, students who are the first in their family to attend college, etc.
- Financial need
- GPA
- Credit hour enrollment
The SLCC Foundation will help you define your scholarship criteria to ensure that your scholarship achieves your goals and supports the students you want to help.
There are several different ways to fund an endowment at SLCC:
- Make a gift of $50,000 or more. We will invest the funds and begin making scholarship awards after enough earnings have accumulated, usually after one year.
- Plan a gift in your will, trust, or estate plan. An endowment will be created and a scholarship established at the time your will is executed.
Enter your initial gift amount and see how your endowment could grow over time and the award amounts projected for each year.
| End of Year | Donation | 6% Earnings | Available for Scholarship (Assuming 4% board approval) |
|---|
IMPORTANT: *IMPORTANT: The results provided by the Endowment Calculator are intended for illustrative purposes only and are not guaranteed. The illustration should not be relied upon nor deemed as endowment fund advice. The investment projections, outcomes and other information generated by the Endowment Calculator are hypothetical in nature, are based on SLCC Foundation investment goals and policies, and do not reflect actual investment results. Results may vary with each use and over time; they are not guaranteed of future results. Projections assume annual return of 6% and an annual distribution rate of 4%.