Here at the High point Community Foundation the scholarship piece is a key part of our mission as we see education being one of the critical needs in our community. Scholarships serve as a catalyst for personal and professional growth which translates into self-sufficiency which ultimately impacts economic development. It’s the perfect intersection of altruism and good business sense, we view our scholarship program Scholarship as an investment in our future and we are proud to serve in this role for our community.
“Education is critical to our community! It empowers, inspires, and most of all equips us to live lives of independence, self sufficiency, and service.”
Amanda Bennett,
Director of Donor Services & Initiatives, HPCF
High Point Community Foundation Scholarships
Scholarship FAQ
The donor is required to assemble a committee where the majority of the committee cannot be family related. The committee makes all final decision on the recipient of the scholarship.
Creating a fund is simple. You can begin the process by sending an email to the Director of Donor Services or by calling the Foundation at 336.882.3298. Amanda Bennett will guide you through a simple process based on your charitable goals and objectives.
The Foundation pays scholarship grants directly to the educational institution for the use of the scholarship recipient.
Tuition and fees for enrollment and attendance. Course-related expenses – fees, books, supplies, and equipment required of all students for courses of instruction.
Yes, the minimum amount to start a scholarship fund is $25,000.
Private foundation rules further provide that people charged with selecting scholarship recipients must not be in a position to derive an economic benefit, directly or indirectly, from the scholarship process. In general, relatives of applicants should not serve on committees that will consider these requests for aid. However, there may be circumstances in which it is impossible to avoid a conflict (when a scholarship committee is required to include the principal of the local high school and she has a son who’s a terrific candidate for the award). The community foundation should attempt to spot such conflicts in advance and adopt policies to resolve them (for example, allowing the principal to recuse herself from voting that year so that her child can be eligible).
Private foundations have a duty to monitor the spending of the grant and ensure that it was used for a charitable purpose.
No. Federal regulation does not allow that.
No. The Pension Protection Act of 2006 prohibits grants to individuals from a donor advised fund.