Endowed scholarships may be set up by individuals, families,  or corporations through an initial minimum contribution of $20,000 or more to establish an annual scholarship  in perpetuity. By definition, an endowed scholarship is one in which the fund principal remains intact and fund distributions are only drawn from the interest that is accumulated each year.

These scholarships may be named to honor the memory of someone; indentified with a family or corporation; or named after a particular cause, need, or group that is important to the donor.  The Foundation Office works with the donor(s) to establish the selection criteria for their scholarships and may rest assured their wishes will be carried out explicitly.