Establishing a Scholarship
Thank you for your interest in establishing a scholarship at Piedmont College. The College is committed to helping students attain a high-quality education. Donors like you allow the College to offer scholarship or financial aid funds of more than $4 million each year to deserving students. Some ninety-six percent of our student body receive financial aid, making your gift vitally important to the students, College and greater community.
Basics of Establishing a Scholarship
1) You may name the scholarship for an alumnus/ alumna, family member, or other special person.
2) If you wish, you may specify preference on characteristics the candidate should possess. For example, a music student or a student studying education from Georgia. These preferences help the scholarship committee and financial aid officer in granting the awards.
3) Generally all scholarship awards are made on the basis of academic merit as defined by having a 3.0 college GPA (based on a 4.0 system) or the equivalent high school average, outstanding personal character, and demonstrated financial need.
4) Scholarships may be renewed annually for up to four years (eight semesters) assuming the student is making satisfactory progress toward being awarded a degree.
5) The minimum amount to establish an endowed scholarship is $15,000. The initial gift establishing the fund and other subsequent gifts to this fund will be placed in the trust fund of the College.
6) Once the fund corpus of $15,000 is funded, it is invested for one full year, and the scholarship will be awarded at that time.
7) Scholarships are awarded from the interest earned by the fund corpus. Remaining income will be reinvested in the fund. Never will the fund corpus be invaded.
It’s really quite simple set up a scholarship fund which truly changes lives. To further discuss your giving objectives, contact the Piedmont College Development Office.