Did you know that in 2014, donors granted more than $2.9 million in scholarship funds through The San Diego Foundation? Year after year, demand for access to higher education increases, and so does the number of scholarship applicants.
Many donors are passionate about giving the gift of education to future generations but don’t want to hassle with the administrative burdens that come with establishing a scholarship fund. Or they are intimidated and don’t know where to begin.
The good news is our philanthropic experts have outlined three simple steps that will help you establish your own San Diego scholarship fund when you’re ready. Check them out.
1. Decide When to Give
You can create your scholarship fund now, establish it through your will or create it through a trust arrangement. Tax deductions are earned at the time of your gift. Scholarship awards continue into the future.
You and your family members, colleagues and employees are encouraged to continue to give to the fund over time to help it grow.
2. Decide What to Give
Almost any kind of asset may be used to start your scholarship fund, including:
- Publicly traded securities
- Closely held stock
- Interests in limited partnerships
- Real estate
- Life insurance
- Personal property
- Private foundation assets
3. Choose the Name of your Scholarship Fund
Scholarship funds can be created to honor or memorialize someone special, to honor the passions of an individual, or on behalf of a business or organization. Whatever the reason, the scholarship will carry the name you choose.
If you prefer anonymity, you may choose a name that reflects your charitable purposes.
Donate to an Existing Fund
If you’re not ready to establish your own fund, but you want to contribute toward education, you can contribute to The San Diego Foundation Community Scholarship Fund.
Establish your own scholarship fund or contributing to an existing fund through The San Diego Foundation. Contact our Director, Scholarships Danielle Valenciano to learn more.