Edinboro University
Foundation
Alumni House
210 Meadville Street
Edinboro, PA 16444
(814) 732-2992
(814) 732-2996
Establish A Scholarship
Can I establish a scholarship?
An endowed scholarship fund can be established with a minimum gift of $10,000. Donors may choose to fund the scholarship over a five-year period. Donor funds are invested in the Foundation's full investment portfolio until such time as the scholarship reaches the $10,000 level. Once the scholarship has reached the $10,000 endowment level, (contributions and earnings), the first awards will be paid in approximately eighteen months, depending on the academic awards cycle. This allows sufficient time for the investments to accumulate enough earnings to pay the first award. Awards are based on PA Commonwealth Act 141, Section 5548, and currently pay out 5 percent per year, calculated on a three-year rolling average of the ending market values. The Foundation's entire portfolio is invested in the full market with approximately 65% in US corporate stocks and 35% in high-grade corporate bonds and US Treasury Funds. The Foundation Board of Directors approves an annual percentage award on each endowed scholarship (currently 4.5%) on the prior three-year average market value as of June 30. The Board also calculates a one per cent market value management fee that is used to support the continued operations of the Foundation itself. All additional earnings and market growth on each scholarship remain with that scholarship to provide future growth. Over the last 30 years, similar Foundations in the U.S. have averaged 11.4% earnings/growth per year. This is no guarantee of the future; however, with careful investment management, awards as well as endowment funds should continue to grow over the long term.
Where can I find a list of scholarships?
Edinboro University Scholarships
