The PFA Foundation offers individuals, families, companies, and organizations a simple yet powerful way to shape the future of our future generations of global leaders. Scholarship funds, for students of PFA and for those who wish to continue education later in life, is often established to memorialize a loved one or honor a special person.
With a scholarship at PFA Foundation, donors have the ability to define the scholarships, the guidelines for candidate selection, requirements, and award use. Also, the donor may elect to leave those matters in the hands of the PFA Foundation and the PFA Administration or Board of Trustees.
Should donors choose to establish an annual scholarship, such a scholarship may be established for any dollar amount designated by the donor (the recommended minimum is $100). It is preferred that the donor sustain the annual scholarship for a minimum of two years and agrees to remit sufficient monies to the Foundation on or before March 31 of every year the Scholarship will be awarded.
The Donor In Creating And Funding A Scholarship
Donor may name the scholarship for any opportunity that meets their goals. For example, in memory of, or to honor a loved one, to honor a special faculty member or to memorialize a special date. § Work with the PFA Foundation staff to create and monitor scholarship criteria.
- Generate an immediate charitable income tax deduction at the time of the gift with potential for carry f forward for the next five years.
- Define the scholarship guidelines for candidate selection, requirements, and award use.
- Establish a defined award amount in perpetuity or provide for flexibility to increase scholarship amount (or amount of scholarship granted).
The Pine Ride Forge Academy Role And Services
- Contact the donor each spring regarding available income, and then complete the selection process in collaboration with the PFA Administration
- Acknowledge donors; verify the student's name, address, and school registration status, mail the scholarship check directly to the appropriate school or college office and instruct the recipient on payment procedures.
- Prepare any recognition, plaques or other recognition as instructed by the donor or School.
- Recognize the fund in its annual report, other publications and the Foundation's website (unless anonymity is requested.)
- Provide technical assistance and service with respect to selection, guideline considerations, and administrative procedures.
- Issue regular financial reports to the donor on the status of the fund.
- Administer and invest the assets of the fund through our partnership with RBC Dain Rauscher.
- Provide through the Foundation's online donor system, individualized donor accounts with up-to-the-minute information on fund balances, deposits and distributions and a full history of transactions.
- Provide the ability for the donor to make future donations online through our Sign-Us-Up-To-Give program on the Foundation's website at www.pfafoundation.org
- Provide forms on the web site to download for creating a scholarship fund on the web site.
- Charge a modest one-time set up fee of $25 to establish the scholarship fund.
- Charge a modest annual administrative fee based on the Foundation's current fee.
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