It can be funded in the form of a single donation or with an initial donation of $25,000 with a signed pledge to provide the additional $75,000 over the next three years at the rate of at least $25,000 per year.
Endowing a Named Scholarship in Perpetuity creates a lasting legacy that will fund the education of Point Scholars in perpetuity. Point Foundation will invest a contribution of $500,000 or more in our endowment fund and use the investment income to finance the education of Point Scholars now and into the future. A Named Scholarship in Perpetuity makes it possible to honor an individual or organization and to create an ongoing legacy of learning and leadership.
If you choose, Point Foundation will work with you to craft a Named Scholarship which can include the following: designated college or university, specific field or level of study, or residential origin (e.g., a scholar either coming from or studying in a specific city or state). However, Point encourages the broadest and least amount of restrictions possible to ensure proper and timely selection of a student.