What is it?

A Scholarship Fund allows you to invest in the future by helping students pursue their education and dreams. You set the criteria and handle the administration while we provide oversight to ensure a lasting difference.

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What are the benefits?

1

YOU SET the Scholarship CRITERIA

Do you want to support a particular field of study, school, or demographic? YOU decide what the rules of eligibility are for recipients of this Fund.

2

TAX-FREE GROWTH

If you choose to have your Fund invested at GTACF, any gains achieved by the Fund are tax-free growth that you can use to provide more scholarship support to students. Each month you will receive a report showing the activity of your Fund, tracking both deposits and distributions. *Past returns are no guarantee of future performance.

3

DOUBLE your FUND

A Scholarship Fund at GTACF qualifies as a recipient of employer charitable matching programs. Check with your employer to determine if they have a charitable matching program and how much they match annually.

4

AVOID Capital Gains or Ordinary TAX

If you have proceeds from a stock sale that you are planning to donate, be sure to consider gifting the stock directly to your Fund. Instead of selling the stock, paying taxes and then being left with a smaller amount to donate, verify how long you have owned the stock. You may not have to pay capital gains tax if you have owned the stock longer than one year or ordinary tax if less than one year when you gift the stock directly to your Fund.

How do i establish a scholarship fund?

Complete our Fund Agreement which includes choosing a unique name for your Fund. The Fund Agreement outlines the parameters of your Fund, and areas such as the following are covered:

  • Who are the primary advisors for the Fund and who will be on the application review committee?

  • What are the parameters of the Scholarship (ie. need based, maintaining a particular GPA, supporting a particular sport, education institution or field of study)?

  • Do you want to invest your charitable dollars?

To receive a copy of the Fund Agreement or for more information about a Scholarship Fund, call 512-863-4186 or email

office@georgetownacf.org.

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