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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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Financial Need Scholarships - How to score
Hi! We have a portfolio of 47 scholarships we oversee, and half of them have criteria where the student must demonstrate financial need. We ask them for their household income, number of household dependents, what other financial aid they are receiving, and if there are any extenuating circumstances to their financial…
