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Scholarships and Endowments

OverviewScholarship GuidelinesCurrent ScholarshipsEndowments

Contributing to Scholarships

  • There is no minimum gift requirement if you would like to contribute to a general
    scholarship.
  • Your gift will be placed in a general scholarship pool called the Foundation
    Scholarship.
  • If you would like to establish a named scholarship, please read below.

Guidelines for Establishing Named Scholarships

  • A named scholarship established with the LAVC Foundation will benefit only students currently enrolled at LAVC.
  • A named scholarship can be established for a minimum gift of $250 per year.
  • The donor may request to name the scholarship (e.g. in his/her name, to honor
    someone, or to memorialize a loved one).
  • Depending on the size of the gift, larger scholarships may be awarded or can be
    awarded in increments of $250. Also, depending on the size of the gift, the
    scholarship may be awarded in one year or over several years.
  • Named scholarship will continue to exist as long as the scholarship fund does not
    fall below the $250 minimum amount. If it does fall below the minimum required
    amount, the named scholarship will be discontinued and the remaining amount of
    the fund will be placed in a general scholarship pool called the Foundation
    Scholarship.

Named Endowed Scholarships

  • Often, named endowed scholarships are created in the memory of an individual.
  • A named endowed scholarship established with the LAVC Foundation will benefit only students currently enrolled at LAVC.
  • A named endowed scholarship can be established with a minimum gift of
    $10,000. Donations may be pooled.
  • Depending on the type of endowment (e.g. a true or quasi endowment), interest
    earned from the principal gift is used to fund the scholarship in perpetuity.
    • Again, the scholarship awarded must be a minimum of $250.
    • If income earned in one year is below $250, that amount will be carried
      forward to the next year.

* Please read Guidelines for Gift Endowments for more information.

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