Endowed scholarships are a special way to ensure a lasting tribute to a loved one.
Over the years, LSSF has been the fortunate recipient of many endowed scholarships and we are honored to be a part of a lasting legacy. The stories of each our endowments can be found in Our Stories - Endowments.
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Endowed scholarships require a minimum donation of $25,000, which will be invested to provide for an annual award in perpetuity. Endowed scholarships are funded via returns on the invested endowed scholarship balance, which includes cumulative earnings/losses and the original principal.
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LSSF Dollars for Scholars representatives work with donors to establish eligibility criteria for the scholarship (examples of current criteria include interest in music, participation in sports or community service, or a specific major in college). Due to IRS regulations, donors are not allowed to be participants in the selection process. Established and clear criteria will serve as the donor's voice at the selection table.
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Endowments can use the standard LSSF Dollars for Scholars criteria for selecting a recipient from the pool of candidates:
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40% financial need
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40% academic achievement
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20% community service, athletic and /or activities participation, or work experience
or they can define their own criteria.
Endowments can be established as needs based or non-needs based.
To establish your LSSF Dollars for Scholars endowment, please contact our office at lsscholarshipfund@gmail.com.
