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Scholarship Cycle fundholder recaps
Hi all! Does anyone have a sample scholarship fundholder recap they can share with me? I've just completed my first year managing a scholarship portfolio and I'm now composing a recap to share with our fundholders. I have the basic information covered (number of recipients, how much awarded, # of different schools,…
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Scholarship Fund Management Questions
I am trying to gauge what other community foundations are doing to manage their scholarship funds. What is your minimum amount to start a fund? Ours is $50k currently but we want to make sure that the awards from the endowment (usually 4%) are large enough to be worth it to students, so we are looking to raise this…
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Non-discrimination Clauses and Race-specific Scholarships
What language do you use related to non-discrimination in your fundholder agreements and public communications about scholarships? Do you refer to a specific law, or have a list of "we do not discriminate based on X"? How do you rectify these non-discrimination clauses with scholarships that are for a specific race,…
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Award Fund vs. Scholarship
We have a potential donor who wants to create an Award Fund rather than a Scholarship Fund which looks to have different tax implications. Does anyone use Foundant to process award funds and if so, can you shed some light on how the administration of one might be different than a Scholarship?
