NAMED SCHOLARSHIP

Establishing a Scholarship

Nowhere is the tradition of giving more vital than in scholarships, with one generation assisting the next.

Creating a named scholarship with the Northern State University Foundation is relatively simple. Whether you choose to establish an annual scholarship or create an endowment in your name or in honor of a loved one, you, as the donor, have the opportunity to direct the scholarship to students majoring in a particular program and/or area of interest such as business, music, athletics, etc.

Annual Scholarship

An Annual Scholarship provides a yearly award to students who meet the criteria established by you and the university. The scholarship may be established by you and the university. The scholarship may be established with a one-time gift with the awards being made until the funds are diminished or the donor may contribute the amount of the award every year.

Endowed Scholarship

Scholarship endowments enable you to create a scholarship in perpetuity. A minimum donation of $15,000, $25,000 is required to establish an endowment within the Northern State University Foundation. And can be made in a one-time gift or may be pledged over a five-year period. The principle is invested and a portion of the return is used each year to support the scholarship. The remainder is added back to the principal to promote growth and protect against inflation.

Other Naming Opportunities

Recognition through naming opportunities for programs, buildings, or endowments can memorialize a loved one, salute a mentor or honor one's family. The staff of the NSU Foundation can help you develop the naming opportunity to meet your philanthropic wishes.

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