Aiming_4_55
Thinks s/he gets paid by the post
Anyone start a scholarship endowment or fund?
I have a few years to go before I hang up the corporate j*b as I have a few personal non-financial areas to become comfortable with along with topping off my kids 529 funds.
When I attended college, I worked full-time ($7/hour), struggling with schedule and homework, etc. I received Federal financial aid and State grants, and a few small scholarships ($500 and $1,000). Very limited assistance from family, say $20 to $100 in total per year. Money was just not available. All in all, I graduated with no debt.
To pay it forward, I was wondering how I could help. I don't need my name on anything. I'm thinking it would be a nice thing to do. Maybe, it's not enough, but I was thinking $50k as funding, increasing to $100k over time. I'm thinking this would be 3 - 5 years out before I pull the trigger.
Any good or bad experiences to share? How do I limit administerative fees? Is my funding amount just too low and look for other avenues to help?
I have a few years to go before I hang up the corporate j*b as I have a few personal non-financial areas to become comfortable with along with topping off my kids 529 funds.
When I attended college, I worked full-time ($7/hour), struggling with schedule and homework, etc. I received Federal financial aid and State grants, and a few small scholarships ($500 and $1,000). Very limited assistance from family, say $20 to $100 in total per year. Money was just not available. All in all, I graduated with no debt.
To pay it forward, I was wondering how I could help. I don't need my name on anything. I'm thinking it would be a nice thing to do. Maybe, it's not enough, but I was thinking $50k as funding, increasing to $100k over time. I'm thinking this would be 3 - 5 years out before I pull the trigger.
Any good or bad experiences to share? How do I limit administerative fees? Is my funding amount just too low and look for other avenues to help?