Control how your contribution is disbursed
Donors have the option of directing how their donations will be used. All gifts and donations received by the Scholarship Foundation Program are placed in one of the following categories:
General “” Funds
All funds received by the Scholarship Foundation Program are placed in the General Fund unless they fit one of the other three categories listed below. General Funds are carefully allocated by the Scholarship Foundation Program’s Executive Committee to one or more of the Scholarship Foundation Program’s activities, which presently include scholarship and research grants, awards and other approved activities and projects of the Scholarship Foundation Program.
Designated “” Fund “” for “” One “” Time “” Use
Individuals, companies and other entities can donate money that is set aside as a designated fund for a onetime use such as a project, award, scholarship, research grant or publication. There is no expectation that this particular cause, event or project will take place more than once. A one-time use donation can be named after someone if such an honor is appropriate. For details on how these funds are set up and administered please contact the Scholarship Foundation Program Office.
Designated “” Fund “” for “” an “” Ongoing “” or “” Serial “” Project
Individuals, companies and other entities can donate money that is set aside as a designated fund for an ongoing or serial project or repetitive-use project, award, scholarship or research grant or other event or activity. Funds that meet the criteria can be named in honor of individuals etc. Examples of such designated funds include scholarships or awards given out multiple times over a series of years. For details on how these funds are set up and administered, please contact the Scholarship Foundation Program Office.
Special “” Gifts “” or “” Donations
These are funds received or designated by the Executive Committee for special or restricted purposes that do not fit the definitions of the above funds. For additional details on the above or to discuss how the Scholarship Foundation Program can help you, please contact the Scholarship Foundation Program Office.
