KENTUCKY STATE UNIVERSITY AND [NAME OF DONOR/S] regarding THE [Insert: Name of Donor or Other] SCHOLARSHIP FUND
The [Insert: Name] Scholarship Fund
This gift is made by [Insert: Name] to establish a named current use fund at KSU that will provide [Insert: Purpose] for a period of [Insert: Time].
The University’s established Guidelines and Procedures for Financial Aid shall apply in the selection of the one or more students who receive [Insert: Scholarship Name] Scholarship. The intended purpose of the scholarship is to assist deserving students who have shown [Insert: State particular qualifications]. If no such student exists in a given year, the scholarship shall be awarded to any deserving student.
The scholarship will be awarded every year for a period of [Insert: Time] years.
The University may award one or more scholarships, which may be renewed at the University’s discretion. The Office of Financial Aid shall make the final selection of scholarship recipient(s).
The fund to support the [Insert: Name of Scholarship] Scholarship will be funded by a total gift of
$ from [Insert: Name of Donor], to be given in annual installments for a period of [Insert: time].
By [Insert: Date]: [Gift Amount] By [Insert: Date]: [Gift Amount] By [Insert: Date]: [Gift Amount]
[Insert: Name of Donor] retains the right to alter the payment schedule; any such alterations to the payment schedule shall be communicated to KSU in a timely fashion.