Establish your own scholarship fund
There are many considerations for eligibility and selection criteria that you'll need to make when establishing your own named scholarship fund.
The first step is to describe the person or persons you want to see receive your scholarship.
Vermont Scholarship Fund staff will help you tailor scholarship selection criteria to reflect your goals. Some of our donors restrict their scholarship awards to students from specific schools or regions, or to students who plan to study a certain academic discipline. Many donors stipulate that financial need be a strong component; others want to award students who have overcome great adversity in their lives. Student essays, financial records (using the federal financial aid form that is integral to any college financial aid application), and letters of recommendation are usually a part of the scholarship selection process.
If you would like to help a student attend college, please consider making a contribution through the Vermont Scholarship Fund.
|Named Endowed Scholarship||Named Annual Scholarship||Term Endowment Scholarship|
|A scholarship to honor your family or business name or someone important to you; requires a commitment of $25,000 or more.||An annual scholarship to honor your family name or someone important to you; requires a sustained commitment of $1,000 or more per year.||An annual scholarship to honor your family name or someone important to you; requires a commitment of $10,000 or more. The total balance of the fund will be spent down over a pre-determined period of time.|
Types of gifts
Outright gifts come from your income or capital assets (cash, securities, real estate, etc.) and result in an immediate tax deduction subject to federal income tax guidelines.
Planned Gifts and Bequests
These gifts are planned during your lifetime and usually become effective at the time of death, according to the specifications of your will or trust agreement. Charitable bequests currently are fully deductible for federal estate taxes. More information about planned gifts and bequests.
Life Income Gifts
Retained interest gifts such as annuities are also planned gifts, but implementation occurs during your lifetime. These can be used to establish a scholarship fund and provide lifetime income for you or a family member. More information about Life Income Gifts.