An endowed scholarship is the gift of a lifetime. It gives hundreds of worthy students access to a Saint Joseph’s College education, year after year, through an endowed scholarship fund.
Endowed scholarships are funds established by individuals, families, or groups of donors (e.g., alumni reunion classes) to provide scholarship aid to students who have general financial needs or who meet established criteria. Endowed scholarships may be named in honor or memory of someone – for example, a professor, loved one, or friend.
Those who establish or contribute to an endowed scholarship fund will be kept informed of the fund’s balance through an annual report. Donors will also receive communication annually from the student scholarship recipient/s – those who convey best the real, immediate, and ongoing impact of the scholarship.
When a donor establishes an endowed scholarship fund ($25,000 minimum), the gift amount (principal) is retained in perpetuity and cannot be spent. The revenue from the endowed scholarship fund provides annual awards to students. Because only the income earned on the principal is spent, endowments have the potential of lasting an indefinite amount of time.
Gifts may be made in many ways, including:
Contact Beth Graf '04, Interim Vice President for Institutional Advancement and Marketing, or Tony Maidenberg, Director of Major Gifts, at 800.227.1898.
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