Supporting students so they are academically successful is at the heart of the College of Marin mission. While the college offers students a community college education at a reasonable cost, students typically experience financial difficulties. In fact, 60 percent of COM students cannot afford to go to the College of Marin without some form of financial aid or scholarship assistance. A scholarship can make the difference between a student staying in school or being forced to abandon their education because of economic hardship.
Thanks to generous donors, the College of Marin offers more than 150 scholarships each year, but many more are needed. Increasing the number of student scholarships is a top priority. College of Marin offers a number of options for individuals or groups who are interested in establishing a scholarship.
These scholarships can be funded with a one–time gift distributed over one or more years or with an annual gift of $1,000 or more. You can choose to support students in a particular academic major or career path. Unlike an endowed scholarship, an annual scholarship is not a permanent fund and is awarded only as long you (or others) choose to contribute to the fund.
Endowed scholarship funds are designed to be permanent and perpetual and can be created with gifts totaling a minimum amount of $30,000, contributed in full at the outset or with an initial commitment that is added to over time until the endowment level of $30,000 is attained. This is an excellent way to ensure that your support will benefit students for decades to come. The principal of the fund is invested to produce income, and an annual award is made to a student/s. The principal remains untouched, so the endowment can last into perpetuity. For example, a $30,000 endowment yields approximately $1,000 per year for a scholarship award.
Establish a Scholarship to honor someone
The establishment of a scholarship also provides a naming opportunity that's a very meaningful way to honor people who have had a major impact on your life. You may also establish a scholarship to honor the memory of a family member or loved one, special teacher or friend for whom education held a special meaning. This type of scholarship can be an annual or endowed scholarship.
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