Endowments
An endowment is an investment in the future. An endowment is an invested gift that generates income to be used, in perpetuity, to support the foundation. Endowments generate funds indefinitely. When you establish an endowment, your gift is invested with two goals in mind: to make the principal grow faster than inflation, and to provide expendable income for whatever specific purpose you designate. The principal is never reduced and a portion of the annual earnings can be returned to the principal to keep it growing.
The Dr. Melvin C. Terrell Educational Foundation's endowment is its financial foundation. Endowment income provides security and protection that balance the sources of income for the foundation. A steady, increasing endowment income can mean the difference between merely sustaining the status quo and aspiring and achieving new heights of excellence. Because endowments generate support forever, they are especially valuable and appropriate for donors who wish to leave a legacy.
Learn more about endowed and non-endowed scholarships.
Endowed Scholarships
To facilitate major endowment contributions between $100,000 to $250,000, the Foundation established the Endowment Scholarship Fund to recognize these significant contributions to the Dr. Melvin C. Terrell Educational Foundation. A contribution to the Endowment Scholarship Fund entitles the contributor recognition and the combined endowment fund is used for other scholarship programs.
Named endowed scholarships can be established for a minimum gift of $100,000. The interest from this permanent fund will be used to sustain a scholarship to help a student with tuition and books. Endowed scholarships can be funded with a single gift or with a pledge which is payable over time.
Minimum Levels
Non-Endowed Scholarships
A named one-time, non-endowed scholarship may be made for a minimum gift of $500. As with the non-endowed scholarship, the entire amount will be awarded in the given year.
We invite you to join us in supporting graduate scholars by making a tax-deductible gift to the Melvin Cleveland Terrell Endowed Scholarship. The earnings from this scholarship will provide financial assistance to graduate students who qualify academically but who may not otherwise be able to attend due to financial hardship.
Make a difference in students’ lives by contributing to the Melvin Cleveland Terrell Endowed Scholarship.
An endowment is an investment in the future. An endowment is an invested gift that generates income to be used, in perpetuity, to support the foundation. Endowments generate funds indefinitely. When you establish an endowment, your gift is invested with two goals in mind: to make the principal grow faster than inflation, and to provide expendable income for whatever specific purpose you designate. The principal is never reduced and a portion of the annual earnings can be returned to the principal to keep it growing.
The Dr. Melvin C. Terrell Educational Foundation's endowment is its financial foundation. Endowment income provides security and protection that balance the sources of income for the foundation. A steady, increasing endowment income can mean the difference between merely sustaining the status quo and aspiring and achieving new heights of excellence. Because endowments generate support forever, they are especially valuable and appropriate for donors who wish to leave a legacy.
Learn more about endowed and non-endowed scholarships.
Endowed Scholarships
To facilitate major endowment contributions between $100,000 to $250,000, the Foundation established the Endowment Scholarship Fund to recognize these significant contributions to the Dr. Melvin C. Terrell Educational Foundation. A contribution to the Endowment Scholarship Fund entitles the contributor recognition and the combined endowment fund is used for other scholarship programs.
Named endowed scholarships can be established for a minimum gift of $100,000. The interest from this permanent fund will be used to sustain a scholarship to help a student with tuition and books. Endowed scholarships can be funded with a single gift or with a pledge which is payable over time.
Minimum Levels
- Honorary Scholarship $200,000
- Memorial Scholarship $150,000
- Sponsor Scholarship $100,000
Non-Endowed Scholarships
A named one-time, non-endowed scholarship may be made for a minimum gift of $500. As with the non-endowed scholarship, the entire amount will be awarded in the given year.
We invite you to join us in supporting graduate scholars by making a tax-deductible gift to the Melvin Cleveland Terrell Endowed Scholarship. The earnings from this scholarship will provide financial assistance to graduate students who qualify academically but who may not otherwise be able to attend due to financial hardship.
Make a difference in students’ lives by contributing to the Melvin Cleveland Terrell Endowed Scholarship.
