What is the difference between an endowed scholarship and an annual scholarship?
Endowed scholarships create a permanent fund. Contributions are invested to ensure the scholarship retains its value in perpetuity, and the scholarships created by the endowment are funded through the income generated by the endowment.
Annual scholarships reflect a donor’s commitment to support a scholarship for a specific number of years and choose the criteria in which recipients are chosen.
You may also choose to contribute to an existing scholarship fund that matches your passion.