Worksheet for Establishing a CFHZ Scholarship Fund

Fees and Spending Policies for New Scholarships

Effective 3/1/2016

The Foundation offers three scholarship fund types: permanently-endowed, hybrid and pass-through.

All scholarship funds are subject to an annual fee of $500 or 1% of the fund size, whichever is greater.

All scholarship funds have a $1,000 award size minimum.

A permanently-endowed scholarship fund is designed to last forever. $30,000 is required to immediately establish this type of fund. Permanently-endowed scholarship funds are subject to our 4% annual spending policy.

A hybrid scholarship fund allows you to gradually build a permanent endowment while also making annual pass-through contributions so that you can start supporting students right away. The required minimum annual pass-through contribution is $1,500.

A pass-through scholarship fund allows you to start supporting students right away. This type of fund is not designed to last forever. A commitment of at least three years is necessary. The required minimum annual pass-through contribution is $1,500.

Scholarships may be renewable, allowing you to support students beyond their first year of college. Contributions large enough to cover the entire multi-year commitment, including fees, are required before recipients are selected.

Eligibility Criteria

Check one or more boxes on the following pages to develop your scholarship's eligibility criteria.

High schools in service area: Black River, Holland Christian, Holland Public, West Ottawa, Zeeland East and Zeeland WestOther (specify below, schools outside the service area are subject to approval)
Service Area Specifics

Graduating high school seniorCurrent college studentStudent heading to graduate schoolCurrent graduate school studentNon-traditional student returning to college for first degreeVocational/skilled trades school student

Students pursuing degrees or certification at any 2 or 4-year accredited post-secondary school in MichiganStudents pursuing degrees or certification at any 2 or 4-year accredited post-secondary school in the United StatesOther (specify below)
Post-secondary Institution Specifics

Students pursuing degrees or certification in a particular major area of study (specify below)Students with a minimum cumulative GPA (specify below)Students with financial needStudents who are the first in their families to attend collegeOther (specifiy below)
Additional Eligibility Criteria Specifics
Minimum GPA Requirement

Selection Criteria

Check two or more boxes to develop your scholarship's selection criteria.
Academic AchievementCommunity Service InvolvementExtra-curricular Activity ParticipationFinancial NeedLeadership AbilityOverall Quality of Application and RecommendationsWork HistoryOther (specify below)
Selection Criteria Specifics

Scholarship Renewability
Renewal Criteria

Check one or more boxes to develop your scholarship's renewal criteria.
Student must remain in good standingStudent must achieve a certain minimum cumulative GPA (specify below)Student must continue to pursue a degree in previously designated major area of studyOther (specify below)
Renewal Criteria Specifics
Minimum GPA Requirement

Worksheet for Establishing a Scholarship Fund