Ways to Make a Scholarship Contribution
Scholarships can be endowed or funded on an annual basis or your donation can be pooled in our General Scholarship Fund. The following is a list of the types of scholarships that may be established:
Endowed scholarships are invested in the OC Foundation’s endowment portfolio. Only the interest, dividends, and gains are awarded to scholarship grant recipients. These scholarships are awarded annually in perpetuity. At the present time, an endowment of $25,000 may provide up to a $1,250 scholarship grant each year. Each endowed scholarship is held in a separate audited account managed by the Oxnard College Foundation.
Annual scholarships allow all the funds you deposit in the OC Foundation to be awarded as a scholarship, usually in the same fiscal year as the gift is received. To continue awarding the scholarship from year to year, annual contributions must be made.
One-time scholarships are awarded in the year they are received. Typically, these scholarships are donated in memory of someone who has recently passed away or in honor of a special occasion.
Pooled scholarships allow you to contribute to the OC Foundation general scholarship fund. There is no minimum amount for this contribution. Your donation will be co-mingled with other moneys and awarded by the OC Foundation.
Contact Pete Parker, Executive Director, to answer questions and/or assist with your scholarship funding plans.