How to Start a Scholarship Fund
A gift to establish an endowment fund demonstrates your farsighted commitment to the
development of future business leaders. An endowment fund is maintained in perpetuity,
with a portion of the annual investment return to be used for the charitable purposes you
specify. Such an endowment, which typically bears the name of the donor or donors,
reflects your interests and serves as an enduring testament to your generosity.
A minimum initial gift of $2,000 is required to start a fund. The fund is permanently endowed when at least $20,000 has been contributed within six years. The fund then begins to generate annual scholarships and/or grants. Approximately 5% of the value of the fund is paid out each year for the purposes stipulated by the donor.
A fund may be designated to provide scholarships for members from a particular chapter or group of chapters or based on other criteria. Similarly, a fund may be designated to generate grants for an educational program that has special meaning to the donor.
A Gift Agreement between the donor and the Leadership Foundation sets forth the purpose of the fund and how scholarships or grants will be distributed.
For more details or to start an endowed fund, contact the Leadership Foundation at foundation@dspnet.org or call 513-523-1907.
