Scholarship Endowments

An endowment is a fund designed to continue in perpetuity to support the efforts of a nonprofit organization. An endowment is to an institution what a savings plan is to an individual, helping to provide support in hard times and providing for the future. A strong endowment at Franklin College would allow us to recruit top students that otherwise would not be able to attend. It would also allow us to be more competitive when recruiting students with the highest academic standings. An endowment is an invested fund from which the principal (gifts from donors) is never spent. Instead, a portion of the earnings is used to fund the program or project and the remaining portion is re-invested to account for the erosion of inflation. The most popular form of endowment is a scholarship endowment designed to help a student defray the costs of education.

Scholarships change lives by opening doors to opportunities that would not otherwise exist. With the funding of scholarship endowments, we will be able to achieve our goals of socio-economic and cultural diversity which provide a broader view of the world for all students.

For more information contact the Office of Advancement.

Minimum funding: $5,000 per year for five years or $25,000

Sample Endowment Agreement