Create a Scholarship Fund
Scholarship funds can ease families’ financial burden, help students to achieve their God-given dreams and goals, and ensure that future generations of students enjoy the same opportunities to learn and grow at Eastern Christian School.
Endowed vs Expendable: (In this section, can we have the definitions presented side by side?)
An endowed scholarship is one in which the full amount of the gift is deposited into EC’s endowment fund and only the interest earned is spent on tuition assistance, allowing the principal to grow and last for generations to follow. Endowed named scholarship funds may be created with a minimum gift of $100,000. This amount allows enough interest to be earned to award about $5,000 in scholarships every year.
An expendable scholarship, on the other hand, is one in which the donor and EC can determine how and when to award the full amount of the donation in scholarships. Expendable named funds may be established with a gift of at least $50,000.
Ready to Learn More about Starting a New Scholarship?
Please call the Foundation Office at 973-427-9294 or email email@example.com.
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