Annual Scholarships are awarded each year the donor funds the scholarship. The minimum amount required for an annual scholarship is $500 with a three year commitment.
An endowed scholarship lasts in perpetuity and represents an award based on at least a 5% interest rate of the principal (amount invested). The minimum amount required for an endowed scholarship is $10,000. This amount may be pledged over three years. The endowment will not be activated until the minimum amount is attained. If the minimum is not reached within three years, donors have the option to extend the pledge period or offer individual scholarship awards.
The principal will be invested according to the investment policy adopted by the Foundation and is intended to maximize the earnings on the principal consistent with a prudent level of risk. Copies of the investment policy and performance of the individual endowments are located in the Foundation Office.
In addition to naming opportunities, donations may also be made to the general scholarship fund. Scholarships awarded from the general scholarship fund cover in-district tuition. The number of awards vary each year depending on the amount of funds that are available.
For further information on establishing a scholarship at HCC, please contac Chris Downing, Director of Resource Development, at (309) 268-8587.