What is an Endowed Scholarship

An endowed scholarship is created with a donation to the college for a specific purpose. The money donated to establish the fund is not spent and is considered permanent. The investment income earned from the endowment is used to fund the scholarship.

How a Scholarship Endowment Works

The donor specifies how the funds are used, names the scholarship and sets the criteria for eligibility.  

Benefits of an Endowed Scholarship

  • Tax benefits - a charitable deduction of up to 50 percent of your adjusted gross income may be claimed.
  • Recognition and brand building - the college recognizes its donors on the PHSC Foundation website, in its annual report and at various events throughout the year.
  • Longevity - your gift will make a difference far into the future.
  • Opportunity - a scholarship endowment is a fantastic opportunity for give back to your community, honor a loved one, or build a charitable reputation.