Establishing a scholarship with the Foundation for Seminole State College will create an everlasting memory of your generosity. Your contribution can help bright students — who may not otherwise have the opportunity to go to college — acquire the knowledge and education they deserve.
There are three steps to creating a scholarship:
An endowed scholarship will be awarded in perpetuity.
Endowed scholarships are established with an initial gift of $1,000, followed by a gift of $3,000 a year for three years. Once the fund reaches a minimum of $10,000, it is invested, and a scholarship is awarded based on the earnings. This type of scholarship lasts indefinitely, and an average annual award is $1,000.
A non-endowed scholarship is a finite award but can be upgraded to endowed at any time if desired.
This type of scholarship is established with a minimum gift of $1,000 a year and a minimum three-year commitment. Scholarships may be awarded after the first donation. Non-endowed scholarships can be created for timely events, departmental projects such as disaster relief scholarships or study abroad sponsorships, or for specific fields of study.
An MOU is a legal (but non-binding) document that clarifies all aspects of your scholarship, including award criteria and a plan of payment.
After the MOU has been signed by the Foundation Executive Director and the scholarship donor, the document becomes a contract. The scholarship award process may begin once the appropriate funding has been established.
If you are interested in establishing a scholarship, please email Miranda Burrowes, assistant development director, or call her at 407.708.4572.