Guidelines for Establishing Endowed Funds at Saint Paul's College

1. Endowed funds may be established for student scholarships, faculty positions, professorships, building maintenance, etc,

2. Funds may be established in memory or in honor of an alumnus, donor, family member, friend or faculty member.

3. Before an endowed fund can become operable, the fund must reach a minimum of $10,000 within a five-year period after the initial gift is made, ~

4. If a fund does not reach the prescribed amount within the time frame, the fund will be placed in the College's General Scholarship Fund, The College's Scholarship Oversight Committee will then make a recommendation to the President as to the use of these funds. The President will make a final determination of how scholarship funds will be distributed.

5. Donors to Endowed Funds will be duly informed of opportunities to increase the value of their Funds in the prescribed time frame.

6. The College will provide donors with an annual report on the performance of invested fund accounts and distribution of accumulated interest.