S A M P L E
Bill Smith Scholarship Endowment Fund
In March 2099, Jane Smith, a trustee of Princeton Theological Seminary from
2090-present, gave $500,000 to Princeton Theological Seminary to establish a named
scholarship endowment fund in honor of her father, who was a Princeton alumnus of the
Class of 2050 and served churches in Hawaii, California, and Arizona.
The parameters of this scholarship are as follows:
- Funds for the scholarship are placed in the Seminary’s endowment where they will be
invested according to the Seminary’s endowment policy. The fund income will be
expended according to the Seminary’s spending policy.
- The corpus of the fund is not to be invaded. Any annual income available for the award
but not expended in a given year shall be returned to the fund and available for
expenditure in future years.
- Additional gifts of any size may be made at any time. Such gifts designated to this fund
will be placed in the corpus unless otherwise indicated by the donor.
- Each year, the income from the fund will be utilized to support one or more students
with demonstrated financial need and academic promise.
- Recipients will be selected by the Director of Financial Aid, who will notify the Office
of Seminary Relations of the recipient’s
name(s).
- The Office of Seminary Relations will forward the name of the scholarship recipient to
Ms. Smith on an annual basis and ask the recipient to write a personal note of thanks to
the donor.
| ___________________________________ |
|
_______ |
| Jane Smith |
|
Date |
| ___________________________________ |
|
_______ |
| Iain R. Torrance |
|
Date |
|
Why
Give? How
to Give
Annual Gifts
Endowments
Guidelines
Funding Requirements
Sample
Planned Giving
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