Choose from several options for creating a scholarship in honor of you, your organization or company, a group, or a cause.
Named for a person, company or organization. The money is collected from one or more people, invested by the MPEF finance committee and a percentage of the funds disbursed yearly for scholarships. The corpus of the endowment remains in MPEF investment vehicles for a permanent fund.
There is a $25,000 minimum for endowed scholarships.
If the endowed scholarship collects more money, or the donor gives more than $25,000, either the amount of the scholarship could be increased, or MPEF could choose to give more than one scholarship.
Given by a person, persons or organization/company. All the money is collected at one time or from one event. Then, all the money is disbursed at one time.
Multi-year scholarship, non-endowed
Named for the life of the pledge or for a group, company, or person. A scholarship amount is pledged over a period of years, with the money given each year and disbursed each year.
This kind of scholarship can also be rolled into the general scholarship fund of MPEF.
MPEF can work with you to establish an endowed or named scholarship using various financial vehicles.