Quote:
Originally posted by mholmansr
You are correct. It would be a seperate fund with it's own 501(c)(3) type setup or using a foundation with a 501(c)(3)
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My chapter has set up a scholarship endowment fund (which I chair) within the Delta Research and Educational Foundation. With DREF having staff it makes it so easy on us since it manages the investments, and increases our return since our monies are part of a larger principle. We have raised over $50,000 in the 10 months since we began our campaign just from member contributions. Our 4 year goal is to be able to give at least $10,000 in scholarships each year from the interest, as opposed to having a myriad of fundraisers each year.
Just an idea to pass along. And if anyone wants info on this feel free to PM or email me.