Getting creative: Three ways to support educationIt’s graduation season, and that means education may be on your mind! The community foundation can help you make a difference in the lives of young people by funding education. Certainly establishing a scholarship fund at the community foundation is one way to accomplish this goal. But that’s not the only way. Here are three ideas to consider as you explore ways to make an impact through education.
Establish a designated fund for educational institutions.
A designated fund provides support for specific organizations of your choice. So, for example, if you want to ensure that a particular college or university receives funding each year, you can set up a designated fund to accomplish this. For instance, if your family has supported the same local college for generations, you may want that support to continue. At the same time, you want to be sure that your funds are used effectively. This includes protecting your monetary support from the college’s creditors if the college finds itself in financial trouble. A designated fund at the community foundation could be the solution.
Establish a field-of-interest fund to support specific aspects of education.
Through a field-of-interest fund at the community foundation, you can establish parameters for grant making according to your wishes. If education is your priority, perhaps over the years you’ve supported a variety of local organizations that provide students with courses, tutoring, mentorship, and social services, ranging from grassroots charities to well-established trade schools and higher education institutions. Establishing a field-of-interest fund activates the community foundation’s expertise and research by delegating grant making decisions to the community foundation team. This helps donors like you ensure that their dollars will have the greatest impact.
Donate to the Community Scholarship Fund
The Community Scholarship Fund offers one-year scholarships and provides the Foundation with opportunities to help our Arlington students. This Fund provides scholarships to high school seniors of merit and financial need whom may not be eligible for one of the named scholarships established by individual donors and businesses. You can make a donation here at any time.
We look forward to helping you support education as a major area of charitable interest! Please don’t hesitate to call us at 703-243-4785 or send us an email to discuss what way works best for you!
And if there’s a graduation in your family this year, congratulations!
