Establish a Scholarship
Give back to your community by establishing a scholarship
Is there a program, major or demographic you’re passionate about supporting? You can provide the funds and the guidelines and we’ll handle the rest. We’ll put out the call for students who match your criteria, organize the applications and choose the prospective students based on the parameters you provide.
Creating a scholarship provides critical tuition assistance for promising students with financial need interested in college or trade school. These scholarships make higher education a reality for students, helping to eliminate or reduce student loan debt.
There are two ways to create a scholarship for students:
In each of the cases below, donors will receive scholar profiles when the scholarships are awarded and have a chance to meet their scholars at Elevations Foundation’s annual Celebration of Community scholarship awards reception.
Create an endowed scholarship
Create a named scholarship
Ways to create a scholarship
Create an endowed scholarship
Endowed scholarships provide critical tuition support for students in perpetuity. With an established gift of $25,000 or more, scholarships are given from earnings in accordance with the Elevations Foundation Endowment Fund spending guidelines (currently set at 4%).
Scholarships will be supported by the earnings of the fund while the principal remains untouched. Any earnings above the 4% will be applied to the principal, allowing the fund — and potentially the amount and number of awards — to grow.
Create a named scholarship
For a gift of $10,000 or more, a named scholarship provides immediate tuition support that lasts for five years. The name associated with the scholarship will remain with the fund until such time as the fund is depleted.
Contact us to establish a scholarship in your name.
ELEVATIONS FOUNDATION
Opportunities for a better community.
Elevations Foundation is an independent 501(c)3 nonprofit organization that has provided over $1.5 million in community resources in the form of scholarships to graduating seniors for higher education, community grants to local nonprofit organizations and emergency assistance.
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Want to learn more about the important work of Elevations Foundation? Visit our blog to read our latest Elevations Foundation Grantee Profiles, plus catch up on other Foundation news.