How to
Establish a NIACC Foundation
Scholarship Fund
We welcome scholarship donations for students at North Iowa Area
Community College. Scholarships may be given by an individual, family,
organization, or business. The NIACC Foundation is always in need of
additional scholarship funds to help North Iowa students attend NIACC.
Scholarship donors have the following options:
*Endowed Scholarships
You may wish to arrange a permanent scholarship by creating an endowment.
A minimum gift of $10,000 establishes the fund. The donated principal is
never used; the interest accruing from the invested principal provides the
scholarship. The Foundation Board has an investment and expenditure policy
in place that has always allowed endowed funds to make annual awards
regardless of investment returns. Awards can be based on criteria
identified by the donor. Future contributions may be added to the fund at
any time.
*Term Scholarships
Gifts of $500 or more may create a named scholarship. Awards can be based
on criteria identified by the donor. A named scholarship will be awarded
annually providing the fund has a balance of $500. The NIACC Foundation
typically awards term scholarships annually.
*General Scholarship Fund
Gifts under $500 can be designated for scholarships and placed in our
general scholarship fund. Awards are made according to guidelines
established by the College and the Foundation.
General Information
Donors of gifts over $500 can establish guidelines for selection.
Examples are full-time or part-time student, entering or returning
student, and/or educational focus. Restrictions based on race, sex, color,
creed, or national origin are prohibited by federal law.
The application deadline for most scholarships is March 1, and awards are
announced in May for the following September. Scholarship
recipients are selected by a scholarship committee composed of NIACC
employees.
NIACC Foundation scholarship donations are tax deductible. For proper
tax treatment of your donation, please consult your financial advisor.
The NIACC Foundation is very
grateful for your interest in our scholarship program. We welcome the
opportunity to work with you to assure that your wishes are honored. For
more information, contact Molly Pederson
in the Institutional Advancement Office at
641-422-4404 or toll free 888-466-4222 ext. 4404.
Go to NIACC Foundation
Scholarships
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