Any gift to any fund at Fordham University can be made in memory of a loved one. Please be sure to include the name of the person memorialized in your letter of instruction. Memorial gifts of $1,000 or more are listed in a special section of The President's Report, Fordham's annual report to donors.
A wonderful way to memorialize a loved one is by establishing an endowed scholarship. Scholarship endowments provide critical financial support for students who could not otherwise afford the benefits of a Fordham education. Endowments ensure that scholarship assistance is available in perpetuity for generations of deserving students. They help make it possible for Fordham to attract a top-notch student body.
An endowed scholarship will exist in perpetuity, not only in the official records of Fordham University, but also in the memory of all the grateful recipients of your generosity.
Since it can be a separate, named fund, a great advantage of an endowed fund is that a specific scholarship recipient can be identified. You, or someone you designate, would receive annual reports on the recipients. Fordham has many programs through which you may be able to meet the scholarship recipient. Many donors have found it is rewarding to make contact with the recipient of their scholarship.
Because the amount spent on the scholarship is taken from the income generated by the assets in the pool, Fordham University respectfully requests a minimum commitment of $50,000, payable over five years, to establish an endowment. Thus, a meaningful scholarship amount can be provided. Alternatively, your scholarship endowment may be established with a Life Income Gift, such as a Charitable Gift Annuity. If a Life Income Gift is used to fund a scholarship, the scholarship will be awarded when the gift is realized. Go to Life Income Gifts for more information on this option.
Contact email@example.com, if you would like more information on establishing a memorial fund at Fordham.