An Endowed Scholarship provides an opportunity for a donor to leave a permanent legacy through a named scholarship to benefit generations of students served by Chatfield’s mission.
- Minimum principal of $25,000. A gift of $25,000 for an endowed scholarship will provide an annual scholarship of $1,000 (assuming a conservative rate of return of 5%).
- The donor(s) can add to the endowment at any time and roll the additional financial returns back into the principal amount each year to grow the scholarship.
- Donor(s) can specify restrictions (consistent with curriculum and mission of Chatfield) on the award and name of the scholarship. Chatfield will set the academic criteria for the award.
Contributing to an existing endowed scholarship
The Chatfield Edge and does not provide tax, legal, or financial advice. Any document or information shared by our staff is intended to be educational, including information on our website. The Chatfield Edge strongly encourages all our benefactors to seek counsel from their own legal and financial advisors. Any information or documents shared by The Chatfield Edge cannot be used to avoid tax-related penalties.