Endowed Scholarship Fund

Purpose: Establish permanent, perpetual scholarship funds that support students in perpetuity.

Key Features:

• Permanence: Principal gift is invested in foundation's endowment
• Sustainability: Earnings from endowment fund scholarship awards annually
• Principal Protection: Principal remains untouched, allowing endowment to last in perpetuity
• Customizable: Can be named or dedicated in memory/honor of individuals, businesses, or organizations

Minimum Requirements: $25,000 principal gift

Payment Options:

• Single gift
• Annual installments over five years

Customization Options:

• Direct gifts to specific academic programs
• Specify scholarship criteria important to donor
• Name scholarship in memory or honor of individual, business, or organization

Geographic Scope: Fairmont State University, West Virginia, US

Donor Benefits:

• Create personal legacy
• Directly impact student lives
• Possible tax benefits (when applicable)
• Help university remain competitive
• Create diverse learning community

Contact Information:

• Phone: 304-534-8786
• Email: [email protected]
• Address: 1300 Locust Avenue, Fairmont, WV 26554

How to Apply

1. Contact Fairmont State Foundation: 304-534-8786 or [email protected]
2. Discuss scholarship criteria, naming options, and focus areas
3. Work with foundation staff to determine specific fund parameters
4. Establish payment schedule (single gift or 5-year installments)
5. Complete gift agreement documentation
6. Make initial principal gift of $25,000 or more
7. Fund is awarded once minimum investment is met