MAKE A DONATION TODAY!
The Footprints Scholarship fund is currently raising
money to endow the scholarship as a permanent fund.
Donations can be made online or by mail.
Click Here to Donate
See below for more information on our endowment campaign.
What is an endowment fund?
An endowment fund is a permanent, self-sustaining source of funding. Endowment assets are invested. Each year, a portion of the value of the fund is paid out to support the fund’s purpose, and any earnings in excess of this distribution are used to build the fund’s market value. In this way, an endowment fund can grow and provide support for its designated purpose in perpetuity. When you donate to the Footprints Scholarship endowment fund, you create a permanent legacy of support for future eligible students.
How much money does it take to start an endowment?
The minimum principal balance required to establish an endowed scholarship is $250,000. The endowment would be managed by the Community Foundation of the National Capitol Region (CFNCR), whose investment objective is to achieve growth that is sufficient to preserve the value of the fund so the annual award is not diminished.
How does it work?
Awards would be made annually to deserving students according to FSFUND’s eligibility criteria from a portion of the value of the fund which would be paid out to support the fund’s purpose, thus encouraging and empowering our future leaders into achieving higher education.
================================================================ SEND CHECKS OR MONEY ORDERS TO:
P.O. Box 3418, Capitol Heights, MD 20791-3418
Made payable to the “Footprints Scholarship/CFNCR” ================================================================
*****ALL DONATIONS ARE TAX DEDUCTIBLE*****NOTE: Donors who contribute $250 or more will need a written acknowledgement from the Community Foundation in order to claim a tax deduction for the contribution. The Community Foundation will provide the appropriate acknowledgement to the donors, but will require certain detailed information in order to do so.
Thank you for supporting the Footprints Scholarship Fund!