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Endowed Scholarship Fund

FAIRMONT STATE FOUNDATION INC

Foundation One-time
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Funding Amount

$25,000 minimum

Deadline

Rolling / Open

Grant Type

foundation

Overview

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

    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

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