The Scholarship Foundation of Santa Barbara helps high school students in Santa Barbara County, California, realize their dreams of higher education by connecting them to annual scholarship opportunities. The average scholarship offered by the organization is $2,500, which represents the starting donation for creating an annual scholarship fund.
At present, the foundation administers annual scholarship funds on behalf of families, businesses, individuals, nonprofits, and civic groups. Donors have the option to renew their gift annually and can establish specific selection criteria to fund students interested in a particular academic field or in a certain demographic. The foundation charges no administrative fees, so 100 percent of donated funds go directly to students.
Gifts of $50,000 or more can establish an endowed scholarship fund, meaning the foundation will invest the principal and use returns to fund scholarships in perpetuity. Donors designate names for their funds and receive written profiles about each of the students the funds support. In addition, scholarship recipients send thank-you notes throughout the year with updates on their studies.
At present, the foundation administers annual scholarship funds on behalf of families, businesses, individuals, nonprofits, and civic groups. Donors have the option to renew their gift annually and can establish specific selection criteria to fund students interested in a particular academic field or in a certain demographic. The foundation charges no administrative fees, so 100 percent of donated funds go directly to students.
Gifts of $50,000 or more can establish an endowed scholarship fund, meaning the foundation will invest the principal and use returns to fund scholarships in perpetuity. Donors designate names for their funds and receive written profiles about each of the students the funds support. In addition, scholarship recipients send thank-you notes throughout the year with updates on their studies.
