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Start a Scholarship

Various options for assisting the students of Mayville State University through the establishment of a scholarship fund are available through the MSU Foundation. The following are the usual options that donors use to establish their scholarship funds:

Endowed Scholarship Fund • The initial balance generates income used to fund the scholarship on a yearly basis. Five percent of the income generated is used to fund an annual scholarship. Any person may add to the endowed principal at any time. Adding to the fund helps to generate more income that can be awarded in scholarship funds for students. The principal balance is not used to fund the scholarship. It is protected for perpetuity. A minimum balance of $15,000 is required to establish an endowed scholarship fund.

Annual Scholarship Fund • An annual scholarship can be established through a annual commitment (for example, $500 per year), or can be funded by a large amount given up front for the Foundation to award over a period of time (for example, a $2,500 gift provides a $500 scholarship each year for five years).

The Mayville State University Foundation will work with the donor to determine specific scholarship selection criteria that are agreed upon by both parties.

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