Endowments
The Minot Public School Foundation administers several endowed funds. These funds are made available through investment income from endowments established by people just like you who wish to honor a loved one or wish to recognize someone who has made a difference in their lives. These established endowments are not just for a year, a decade, or a generation, but continue in perpetuity.
Endowed Scholarships
Creating a scholarship endowment creates a lasting impact for our students to go on and further their education. These scholarships require a minimum $25,000 donation (may be donated over a 5-year period). Up to 4% of the interest made off the corpus amount will be awarded annually. Naming rights and qualification parameters may be decided by the donor. These scholarships will continue in perpetuity because the original donation amount is never used.
Donors are invited to an annual scholarship reception in May to help award their scholarship and meet their respective recipients.
What is an Endowment Fund?
Created primarily from donations, endowment funds are monies typically held in long-term investments with the principal remaining untouched, allowing the funds to have a greater impact over time. The money may be permanently restricted, temporarily restricted, or unrestricted in its use.
Why is an Endowment Fund Important?
The dollars held in endowment funds generate interest and dividend income that may be used to support scholarships, grants, critical needs for students, and other special initiatives by providing a permanent ongoing source of revenue.
How Can I Help?
A named endowment provides is an ideal way to make a gift in memory of a family member or loved one, a special event, or in honor of a student. We are here to help you establish an endowment or you may donate to any of the following endowed funds. Endowments can be set up to support the foundation’s largest needs, teacher grants, special programs, or what the donor sees fit.
Donating to one of our current endowments or creating one in honor of someone is also a great way to receive the 40% ND Tax Credit.
We are a 501(c)3 nonprofit, which makes your donation 100% tax-deductible.