Pensacola State College is ranked in the top 1% in affordability by the Department of Education. However, accessibility to education and to federal funding can still remain a challenge for students. Donors to Pensacola State College continue to bridge this gap for our students with their support and/or creation of scholarships.
One-time Scholarship Funds
One-time scholarship awards will be designated to the Foundation’s Universal Scholarship Fund. The scholarship award may be made in the name of a specified person and the donor may choose criteria for the award.
Named Annual Scholarship Funds
A minimum donation of $5,000 is required to establish and name an annual scholarship. An annual scholarship fund provides awards to current students within an academic year with no long-term investment of money used to establish the fund.
Donors can provide much needed scholarship support through the establishment of endowments. Each endowed scholarship bears the name designated by the donor. Endowment funds are invested and managed, with interest and dividends used to perpetually fund the scholarship or program requested by the donor.
Endowed scholarships can be established with a single payment or the fund can be built with payments over a period of ten years to reach the minimum level of $20,000. The fund will pay an annual distribution that will be used as the scholarship award. For more information about scholarship endowments see “Establishing an Endowment” information packet.
In addition to naming the scholarship fund, the donor may choose awarding guidelines for how any distributed funds will be used. A Foundation staff member will assist donors to create IRS compliant guidelines that clearly articulate the donor’s gift intent and ensure consistent and successful distribution of available funds. The donor may amend scholarship fund criteria by requesting any changes in writing.
By creating a commemorative or memorial scholarship, you honor past achievements while paving the way for a new generation’s accomplishments. Many donors honor a loved one through the creation of a memorial scholarship into which family and friends may contribute. These pooled assets provide Pensacola State College Foundation scholarships based on financial need.
For more information
Contact the Foundation by phone at (850) 484-1560 or by email at firstname.lastname@example.org.