Endowment and Gift Planning
How to endow a scholarship
The opportunity to fund a scholarship in the memory or honor of a loved one ensures that their memory lives on in a community that meant something to them. Endowing a scholarship is often the start of a ripple effect of philanthropy, as recipients are very likely to ‘pay it forward’ in their futures. For many donors, the most rewarding part of creating an endowed scholarship is the ability to meet each recipient, often developing lifelong relationships. Good Counsel hosts an annual Scholarship Celebration of Scholarships, providing a formal opportunity to meet your scholar and their families.
One scholarship can make all the difference. Endowed scholarships require a minimum endowment level of $25,000, which will provide support to help with tuition, fees, and/or other education costs. Endowments may be made for any amount above the $25,000, especially if the goal is to provide more support or to provide support for more than one student. For more information on endowing a scholarship, please contact Savannah Renehan.