This is why scholarships are so important. By establishing a scholarship through the Daytona State Foundation, you help impact the lives of our students and our community by giving one of the most valuable gifts of all— the gift of education.
The Daytona State Foundation will work with you to create a scholarship which benefits targeted students based on your interests and intended funding. For a printable list of items to consider when establishing a scholarship, please click here. We welcome any questions you may have, and encourage you to contact the Foundation at to learn more about scholarship opportunities with Daytona State Foundation.
Want to Donate to an Existing Scholarship? The most common ones are:. Many scholarships look into factors like financial need, academic achievement, community involvement, work history, the scholarship essay, or achievements in specific fields. Will you award your scholarship to future college students in need? Or future college students with outstanding academic achievement? Alternatively, you can award students who have already demonstrated success in the field of music education through community involvement or work.
Check out these key questions you should ask when figuring out how to start a scholarship fund:. When deciding how students will apply for your scholarship, we can help out and handle the logistics for you! We help you:. So you have all of the information and criteria ready to go, but where will you get the money?
Funding the scholarship is often the most difficult part to decide when figuring out how to start a scholarship fund. Luckily, there are tons of options available! One of the most common ways to raise money for your scholarship is to get people to donate to it. This can be done through fundraising events or online crowdfunding sites. Otherwise, if your company is hosting a scholarship, you can set aside a specific number of funds each year. For more information, check out these guidelines.
One of the most crucial parts when figuring out how to start a scholarship fund is advertisement! Since your loved one made a lasting impact on your life and the lives of those around them, you may want to celebrate their positive influence on others. One way to do this is by starting a scholarship memorial fund in their name. A common misconception about scholarships is that they are only started by governments, universities, corporations, or professional fundraising managers.
The good news is that any individual can create one. Start a fundraiser. Starting a scholarship fund on behalf of someone else is also a thoughtful way to help your community or help someone who is grieving. What unique skills did they have? What was their favorite subject in school? How did they influence the community?
You can tailor the scholarship to commemorate their life. For example, if your loved one was a talented painter, then you might customize your scholarship for students attending art school. It is no surprise that the cost of education extends beyond just tuition, so you could create education scholarships or grants that help students get the resources to pay for textbooks, school supplies, and housing. Your scholarship can be a one-time gift or an annual fund that you award once a year.
Another option would be to create an endowment, which is permanent. An important part of how to start a scholarship fund is to clearly define who is eligible. Each scholarship has specific requirements that students must meet in order to qualify.
When creating the scholarship application questions, think of ways that students will be able to easily showcase their skills and qualifications when they do apply. It is common to set an average GPA that students must meet in order to qualify, though requirements for athletes will look different than those for merit-based recipients.
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