Scholarships

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Establishing a scholarship is a relatively simple process which begins with a one-on-one consultation with a Foundation staff member who provides personal assistance in guiding donors through the development of their scholarship.

Annual (or Non-endowed) scholarships are called temporary named funds and can be established with a gift of $500 or more. They remain active as long as donors contribute to them.

Endowed scholarships are permanent named funds. These funds are invested and a portion of the income generated is used to fund annual scholarship awards. Endowments start at the $10,000 level.

We look forward to working with you to define and describe your new scholarship. With your instructions we will compose a “memorandum of understanding” that will provide the Foundation with specific direction in order to administer the scholarship in accordance with your wishes. All gifts toward the creation and maintenance of the scholarship are tax deductible.

To set up a new fund, you’ll need to decide:

What will be your fund’s exact name or title?

Would you like the fund to be named in honor or in memory of someone who is important to you? Do you want to include such words as “memorial,” or “endowment*?”

What will be your criteria for scholarship recipients?

By law, this has to be a fair and open competitive process, available to all qualified applicants. However, you can list the attributes or qualifications that you would like your recipient to have. For example, you may want them to be a: resident of a specific geographic area, student at a particular school, or a Full-time and/or Part-time student.

You may also want them to have a financial need, a grade point average of 2.5 or above, performed volunteer service, participate in community activities or have specific career goals, academic interests and/or achievements.

How the scholarship award process works:

Most scholarships are awarded in early July. Prince George’s Community College makes the scholarships available online to students in January.

To begin the process of changing lives at Prince George’s Community College, please contact us at 301-546-0858.