Create an Endowed Named-Scholarship
Creating an RSF Endowed Named Scholarship with an Estate Pledge
The aim of creating an endowed named scholarship with an estate pledge is to donate money to the Rossmoor Scholarship Foundation that will be invested in the RSF Endowment and managed so that interest earned on the principal can then be used to fund a scholarship. An endowed scholarship is not intended to be a one-off. Instead, its purpose is to continue to produce income for years, thus helping many students instead of just one. An endowed named scholarship serves as an excellent way to provide RSF with scholarship funds beyond one’s lifetime.
Once estate pledge donors inform RSF of plans to establish such a scholarship, they will be listed as members of the RSF Legacy Society.
Levels of Giving to Establish Endowed Named Scholarships with Estate Pledges
Once it is received by and invested in the RSF Endowment, a gift of:
$25,000 will create an endowed named scholarship to be given every fourth year.
$50,000 will create an endowed named scholarship to be given every other year.
$75,000 will create an endowed named scholarship to be given two of every three years.
$100,000 will create an endowed named scholarship to be given every year.
If the RSF Endowment has lost more than ten percent of its value in any given year, however, RSF Trustees may choose not to award the endowed named scholarship for that particular year.
These levels of giving will be reviewed by the RSF Board of Trustees (and perhaps adjusted upwards) every five years. The amount withdrawn from the Endowment for the endowed named scholarship shall be set annually by the RSF Board at the prevailing rate that year, but not to exceed $6,000.