Guidelines for establishing an Endowed Scholarship Fund
- Endowment Funds are capitalized upon deposit of a minimum of $20,000.00.
- Funds must be capitalized in ten years from the date of initiation. If for some reason you cannot meet this obligation you shall inform The Charitable Trust.
- Once capitalized, awards may be made based on the actual interest and dividends accrued on the principal, less the inflation factor, for the prior fiscal year. Each Endowment account will be assigned its pro-rata portion of the year’s net earnings
- All endowed scholarship awards must be consistent with The Charitable Trust’s award policy; the principal shall remain in perpetuity; and the payout is based only on the net earnings of the fiscal year preceding the award period.
You Control Your Own Endowment Fund
- You decide the name of the fund.
- You establish the eligibility criteria.
- You determine the amount and frequency of awards given.
- You choose when the first award is to be made.
- You participate in the selection process during your lifetime.
- You select who receives annual reports on the fund.
- You can change your choices at any time.
You Can Get Started Today
To initiate your fund, simply complete The Tau Omega Charitable Trust Fund, Incorporated Endowed Scholarship Agreement.
Send in your initial payment here.