Creating Endowed Scholarships
Establishing an Endowed Scholarship
A scholarship endowement provides a perpetual source of income - awarded to generations of Belmont students - through funds managed by the University.
The minimum required to establish an endowed scholarship is $25,000. You may use cash, stocks, bonds or real property to make your gift. You may also establish or augment an existing scholarship through a bequest in your will. Or, you may make a multi-year pledge and take up to five years to fulfill your contribution. Once paid in full, your contribution underwrites the scholarship immediately.
You can permanently designate and name an endowed shcolarship for any academic program offered by the University. As the donor, you will create an endowment agreement specifying the criteria used to select student recipients. You will also have the opportunity to name your endowed scholarship fund in honor of yourself or someone else, and you will have an oportunity to learn more about the students who receive your scholarship and to meet them at our annual scholarship dinner.
Management of Endowed Scholarship Funds
Your gift to establish an endowed scholarship is permanently invested in the University's financial portfolio. The Belmont University Board of Trustees manages these endowment investments. The principal of the fund is invested to produce income. An award is expended annually for scholarships and all additional earnings are returned to the principal for fund growth.
The campus director of financial aid manages student eligibility and selection and will choose students who meet the criteria established in your scholarship, however as the donor you are welcome to make recommendations of students who are eligible to receive scholarships.
You may make additional gifts to your scholarship fund at any time and all gifts are 100% tax-deductible.
Starting an endowed scholarship - in your name or in memory of a loved one - is easy. Please contact Elizabeth Nolte at 615-460-5466 or noltee@mail.belmont.edu.
