Scholarship funds

A scholarship fund is a link to the future that helps others pursue their educational goals. A scholarship fund can serve as a tribute to a family member, alma mater or specific subject area. Scholarships provide access to quality education and learning opportunities, contributing to healthy communities.

Value and benefits

Personal: A scholarship fund can be established in honor or in memory of a loved one or to reflect a particular interest. You can name it for yourself and/or your family or ensure anonymity.

Community impact: A scholarship fund can enable countless students to achieve their academic aspirations and provide an avenue for increased opportunities. In addition, NCCF serves as your charitable-giving resource, providing due diligence to help you make wise scholarship recommendations and leverage the impact of your gifts.

Tax deductibility: Contributions to a scholarship fund are tax-deductible in the year the gift is made. Because NCCF is a 501(c)(3) public charity, each gift is eligible for the maximum tax deduction available under federal law.

NCCF offers two types of funds:

  • Scholarship fund: NCCF offers a comprehensive scholarship fund, managing the entire process. Minimum required starting balance: $40,000
  • Designated scholarship: Donor identifies an organization (accredited educational institution or nonprofit organization) to accomplish the scholarship selection process according to the donor’s suggested criteria. Minimum required starting balance: $25,000

Administrative ease and cost-effectiveness: Scholarship funds are designed to make charitable giving simple and efficient. The NCCF handles all fund maintenance, provides administrative support and due diligence, record-keeping, investment oversight and tax reporting ─ all for a simple, low fee. There are no start-up costs for establishing a new scholarship fund.

Lifetime gifts: A scholarship fund may be established now for charitable giving during your lifetime, and/or named as the charitable beneficiary of your estate, retirement plan, life insurance policy or other planned gift arrangement.

Beth Boney Jenkins
Vice President of Development
Email
(919) 256-6932
Megan Lynch Ellis
Regional Director of Development
Email
(828) 355-4306
Mary Morgan
Philanthropy Counsel
Email
(919) 256-6909