About The Foundation About Collin College Current Giving Planned Giving Making Your Gift Donor Recognition Management and Operations
Home
  Home - Scholarships -  How to Create a Scholarship

HOW TO CREATE A SCHOLARSHIP
 
 

Scholarship Program:

The purpose of the scholarship program is to accept contributions, administer funds, and to process scholarship awards for Collin County Community College District students.

Establishment of Scholarship Funds:

Scholarships may be established either through an endowed gift or through sustaining/annual contributions to a specific scholarship account.  Endowments typically are established to honor an individual, living or deceased, and normally will bear the name of the person whom is recognized through the fund. An endowment also may bear the name of the organization, corporation or other appropriate entity that desires to support the Collin College Foundation and District in this manner. Annual scholarships may also bear the name of the donor or honoree.

The Foundation Office will work with interested individuals and entities to establish scholarships. The donor may assist the Foundation staff in establishing criteria governing individual scholarship awards. This criteria details specific requirements to be met by applicants and outlines the award process for the scholarship. A Scholarship Agreement will be developed to finalize the specific criteria for the selection of the scholarship recipient. Click here for a "Scholarship Worksheet" which you can use as a guide in preparation for a formal Scholarship Agreement.

                                                                                                                 return to top

Endowed Scholarships:

Endowments are defined as restricted gifts for which the principal is held in perpetuity and intact. By contributing $20,000 to a permanent trust fund, donor(s) may establish a "Named" Endowed Scholarship.

The corpus of the trust shall be invested and reinvested separately or together with other funds of the Foundation, according to the established policy of the Collin College Foundation. A portion of the earnings from the endowment will be used to fund the scholarship.

Additional endowments may be established to support the District's efforts in program development, faculty enhancement and professional development. Contact the Foundation Office, at 972.599.3145, to receive more information.

 

                                                                                                                 return to top

 

Annual Scholarship Funds:

A minimum of $1,250 annually is required to create a "Named" Annual Scholarship. The donation should be received prior to the awarding of the scholarship. The Foundation encourages donors to sustain and/or renew these annual scholarships.

 

return to top

 
General Scholarship Funds:

Donations of less than $1,250 support the General Scholarship Fund unless otherwise directed.  The General Scholarship Fund supports: Presidential Scholarships, Honor Scholarships, Recognition Scholarships and other special need scholarships.

Upon specific instructions from the donor, contributions may be directed to existing Endowed or Annual scholarship accounts.

 

                                                                                                                 return to top

 

Selection of Scholarship Recipients:

The Foundation Office works with the Collin College Financial Aid Office to process scholarship awards. A Scholarship Committee comprised of District faculty and staff, and representatives from the Foundation make the recommendation for selections of these recipients. Foundation scholarships are available for both academic and technical majors. Individual donors assist in establishing specific criteria for their scholarship such as a specific major, financial need, GPA, and residency.

Students are required to submit online applications, via this Collin College Foundation website, to be considered for awards for the following academic year.

 

return to top

 

 
How to Create a Scholarship

Scholarship Program

Establishment of Scholarship Funds

  Endowed Scholarships

Annual Scholarship Funds

General Scholarship Funds

Selection of Scholarship Recipients

 

 

Home | About The Foundation | About Collin College | Scholarships | Current Giving

Planned Giving | Making Your Gift | Donor Recognition | Management and Operations