ESTABLISHING SCHOLARSHIPS

The purpose of a Bronx Achievement Foundation named scholarship is to give special recognition and commemorate a particular person, company, or group. The named scholarship may be intended to address a financial need or recognize academic excellence in general. The scholarship may be in a designated area of interest or concern as specified by either the donor(s) or the Bronx Achievement Foundation.

The Bronx Achievement Foundation Board of Directors reserves the right to create a named scholarship.

  1. All established scholarships must be approved by the Bronx Achievement Foundation Board of Directors.

  2. Established scholarships may be either endowed or annually funded and committed for a period of no less than five (5) consecutive years.

  3. Established scholarships as an endowment shall be awarded when the earnings accumulate to a minimum of $1,000. Subsequent frequency shall be based on accumulation of the same minimum. The minimum established endowment shall be $20,000.

  4. Donors wishing to establish an annually presented scholarship must provide a minimum annual gift of $1,000 for five years.

  5. Selection criteria for awarding scholarships may be recommended by the donor(s), but must be approved by the Bronx Achievement Foundation Board of Directors.

  6. The donor of an established scholarship may recommend/establish the scholarship name, but the name must be approved by the Bronx Achievement Foundation Board of Directors.

  7. A "One Time" Memorial Scholarship may be given by a donor in the memory or honor of a named individual at the minimum amount of $1,000.

  8. If a Memorial Scholarship gift is less than the minimum $1,000, the gift shall be added to a General Achievement Scholarship Fund and individuals honored shall be listed "In Memory of” or “In Honor of ".

Whether you are interested in establishing an endowed scholarship, contributing to an annual fund, or creating a memorial scholarship, we are here to help guide you through the process. Your support can leave a legacy that provides deserving students with the opportunity to succeed and make a difference in their communities.

If this opportunity resonates with you or if you would like to discuss how you can make a meaningful impact through a scholarship, I would love to speak with you further. Together, we can create something truly transformative for the next generation of leaders. Please email scholarship@bronxachievementfoundation.org

Thank you for considering this incredible opportunity to make a lasting impact.