Office of Development

Establishing a Scholarship Fund

Scholarships primarily offer educational assistance for talented undergraduate students and enable Fayetteville State to attract and retain the best and brightest students throughout North Carolina, the region and the nation.

When creating a new scholarship, donors have many decisions to make.  Scholarships  may provide assistance up to the total educational costs (tuition and fees and certain living expenses as defined by the Federal Government) for attending FSU.  These accounts may be established as endowed or general (non-endowed) scholarships and may be awarded on the basis of merit or financial need.

Endowed Scholarships

Fayetteville State University invites individuals, foundations and corporations who believe in the value of exemplary higher education to make endowment gifts to the university. According to renowned educator/engineer Charles Kettering, "The greatest thing this generation can do is lay a few stepping stones for the next generation." Endowment gifts can do precisely that.

Donor gifts are invested, with the principal amount permanently remaining intact and earnings used annually for the purposes the donor wishes. 

Donors may restrict their endowment gifts to special areas of interest.

For a minimum of $25,000 paid over a five-year period of time, a separate endowment can be established, named as the donor wishes. Thus, a donor may create a new permanent endowment in his or her name or in the name of another. This offers an individual, foundation or company a chance to make an enduring statement of support for higher education, while at the same time, creating an endowment that can honor or memorialize the donor, a family member or friend in perpetuity.

General Scholarships

General Scholarships (non-endowed) are funded with annual contributions or by creating a restricted fund. The entire balance of these funds is available for scholarship awards. These funds do not require a minimum balance, do not earn interest and are not subject to an administrative fee.

Donors may still set criteria in which the scholarship is awarded.

Tax Benefits

An outright gift in the form of cash or appreciated securities will allow you to receive immediate tax benefits in the year you make the gift to FSU Foundation, Inc. In the case of appreciated securities, you may also avoid capital gains taxes. You can also provide for your scholarship in your estate plans. Estate gifts are an easy way to establish a scholarship without affecting your current income or assets.

For further information, contact Mary Bailey '87, Associate Vice Chancellor of Institutional Advancement (910) 672-1729 or e-mail mhbailey@uncfsu.edu