Scholarships
SPSCC Foundation scholarships make tuition affordable and college accessible for students.
SPSCC Foundation scholarships make tuition affordable and college accessible for students.
With an SPSCC Foundation scholarship, I'm able to attend college full-time.
Crystal Hearitige
Francis Naomi Wilson Endowed Scholarship Recipient
There are many reasons to create a scholarship. You may want to carry on the memory of a loved one or perhaps you received a scholarship when you were a student and now you want to pay it forward. Whatever your reason, the SPSCC Foundation team is happy to work with you directly in creating a new scholarship.
Start a New Annual or Endowed Scholarship
(All final paperwork to create a scholarship should be emailed to Foundation@spscc.edu.)
The SPSCC Foundation offers two types of scholarships:
An annual gift of at least $1,000 for current use to be used in its entirety. This type of scholarship is viable as long as a donor continues to make annual contributions.
The minimum initial gift for establishing an endowed scholarship is $25,000, payable over up to five years. The principal is invested, and a portion of the earnings generated by the investment is used each year to support the scholarship in perpetuity. Subsequent additions may be contributed at any time in any amount.
If you are interested in supporting SPSCC scholarships without creating a new scholarship, you can also consider giving to the general Student Success Scholarship Fund.
As a 501c3 nonprofit organization, your donation to the SPSCC Foundation may be tax deductible to the fullest extent allowable. SPSCC Foundation's tax ID is EIN #91-1174940.
Gifts to the SPSCCF incur a Processing Fee to support general operating funds. The Processing Fee is assigned at a rate of 5% for all non-endowed restricted and unrestricted donations at the time the gift is received.
Additionally, endowments incur an Endowment Fee at a rate of up to 5% annually on the earnings of the endowment based on a 3-year rolling average. The SPSCCF Finance Committee may recommend to the Board of Directors adjustments to the Endowment Fee based on the value of the fund above corpus at the time the fee is calculated.