« Life Estates | Main | Guidelines for Memorial Funds »
Tuesday
Oct262010

Guidelines for Scholarship Funds

Administration of scholarships shall be reserved to the Trustees of the Foundation. However, donors may propose the following for monies contributed for the purpose of scholarships:

  • Potential Recipients' Educational Institution
  • Reasonable Considerations in Choosing Scholarship Recipients
  • An individually named fund whose Assets are less than the $25,000 minimum as of three consecutive fiscal year ends may, by action of the Trustees, be transferred to the Foundations unrestricted funds.

PrintView Printer Friendly Version