WE thank you for CONSIDERING
A GIFT TO ESTABLISH A
SCHOLARSHIP that will
have a TREMENDOUS
IMPACTon our STUDENTS.
WE thank you for CONSIDERING
A GIFT TO ESTABLISH A
SCHOLARSHIP that will
have a TREMENDOUS
IMPACTon our STUDENTS.
Scholarship Endowments
Youngstown State University remains an affordable institution, however, scholarships offer sufficient support to offset tuition costs. Scholarship endowments, coupled with this financial assistance, also provide prestige.
An endowment is a donation of money or property to a nonprofit organization in which the investment growth is used for a specific purpose. For the YSU Foundation, this purpose is to create scholarships, awards, support competitions, study abroad, research, and programmatic endowments.
The Process
What are the process and financial requirements to endow a scholarship?
A scholarship is endowed with a charitable gift of $20,000 or more through pledges, gifts of shares, or estate plans. The $20,000 pledge may be divided by making $4,000 payments over five years. Gifts of shares of stocks, bonds, or mutual funds can allow donors to avoid income and capital gains taxes.
Four percent of a 12-quarter rolling average is used to calculate the annual scholarship distribution, which allows the gift to have the opportunity to continue to grow and become more substantial in perpetuity.
Examples
Examples: (based on 4% growth)
A $25,000 endowment provides approximately a $1,000 annual scholarship.
A $100,000 endowment provides approximately a $4,000 annual scholarship.
Who selects the scholarship criteria and how are scholarships awarded?The donor designs the criteria for a scholarship. For example, donors may establish a scholarship for students from specific colleges, majors, backgrounds, etc. Students apply through YSU, not the Foundation. Once a student is selected, this information is communicated to the Office of Financial Aid and Scholarships, which applies the scholarship to the student’s tuition account. The YSU Foundation will then notify the student of their scholarship.
Interested in endowing a scholarship? Contact a YSU Foundation Development Officer today.
Highlighted Scholarships
Alana and Robert Anderson Education Scholarship
James William Adams Scholarship
Arthur F. Menaldi Memorial Scholarship
Johnston-Moore Women’s Engineering Scholarship
Dr. J.J. Koss Memorial Scholarship
Judge Joseph and Angela C. Donofrio Scholarship
Stringer Psychology Scholarship
Anthony “Tony” Schiavone Memorial Golf Scholarship
TJ and Annie Ruth Rushton Legacy Scholarship