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Funds establishing an endowed scholarship are placed in an interest bearing account and the principal in that account is never spent down but rather interest from the account's investments are distributed to students. This means that the scholarship will provide perpetual support to students and will never be exhausted.Minimum amount of principal in the endowment account necessary to distribute scholarship funds is $20,000. If you are interested in establishing an endowed scholarship, contact the College of Fine Arts office or University Advancement at (309) 438-7681. |
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