You know how critical a post high school education is for each and every person as well as for Greater Cincinnati as a whole. And you want to help. At the Cincinnati Scholarship Foundation, we make this process easy for you.
You do not have to be wealthy in order to transform lives! There are several ways in which we help donors just like you to establish scholarships:
Annual Scholarship Fund
Donors who establish annual scholarship funds with CSF pay for their scholarships either annually (entire amount for upcoming academic year) or elect to make a larger gift so that there are funds available in their scholarship and replenish when needed. We do require a minimum of a $2,000 award annually per student, including renewal students.
Scholarship Endowment Fund
Donors who want their scholarship to live on indefinitely choose to establish a scholarship endowment with us. This is held in an investment account and the annual scholarship amount is based on a three-year rolling average of the principal and interest and pays out 4% of the fair market value of the entire endowment without dipping into the principal. For instance, if you give the minimum required to establish an endowment, $50,000, then the annual payout for that endowment would be approximately $2,000 a year. The longer the endowment is invested, the larger the total amount grows.
There are many ways to fund a scholarship at CSF. We can work together to explore the various ways you can make gifts and save on your taxes!
Advantages of setting up a scholarship at CSF
Because CSF is a non-profit organization, we only assess a 15% operational fee per annual scholarship awarded and/or 15% of the annual payout amount for endowment scholarships - no matter how large your fund or endowment becomes.
Since CSF does not operate using federal grants, we are not held to the strict eligibility criteria rules that most universities are. You can establish a scholarship at CSF where the eligibility is based on ethnicity, sexual orientation, geographical areas, etc.
Because we are local, we have and are developing relationships with students, donors, high schools, universities, companies, and other community non-profit organizations to provide as much assistance as possible so our students can get the education they deserve.
All gifts made to CSF are tax deductible.
We pride ourselves on being donor-centered. We will work with you throughout the entire scholarship process, helping you make decisions about selecting eligibility requirements, the name of your fund or endowment, annual scholarship amounts, ways in which to fund the scholarship…anything you need we are here. We are accessible to you, the donor, anytime you need us.
Please contact CSF and we will give you everything you need to make this decision. You can call us at 513-345-5583 or e-mail us at firstname.lastname@example.org.
Click here for the list of scholarships we currently administer.