How to Create a Scholarship

How to Structure an Endowed Scholarship

• Establish an endowed scholarship for students.
• Name a scholarship for you and a spouse, your family, or someone important to you.
• Work together with you and the Indiana University Foundation to create a gift agreement that includes the name of the scholarship and details about your funding arrangements.

Ways to Fund an Endowed Scholarship

The minimum to start a permanently endowed scholarship at IU McKinney Law is $50,000, which would result in an annual award of approximately $2,250 based on an endowment spending policy of 4.5%. This can be accomplished in several ways:

• Make an outright gift or make a pledge and pay the amount over five years using cash, appreciated securities, or other property (which may have capital gains tax savings).
• Direct charitable distributions from your Individual Retirement Account (IRA) if you are age 70 ½ or older.
• Document a planned gift or a combination of an outright and planned gift.

Staying in Touch with You about the Scholarship and Recipients

• Receive an annual report from the IU Foundation about the investment performance of the endowment you created.
• Learn more about the student recipient, including a thank you letter and resume, as we will send you this information annually.
• Meet the recipient of your scholarship at the school’s annual Scholarship Brunch or meet them individually if you prefer.