ESTABLISHING YOUR SCHOLARSHIP ACCOUNT KENT Thoro

Thorobreds Foundation, Inc.

SERVICE, STEWARDSHIP & TRANSPARENCY

KSU Scholarship Planning and Student Impact Guide

Scholarships are more important than ever to the success of students pursuing a Kentucky State University education.

Your scholarship will help make the life-changing opportunity to attend and graduate from Kentucky State University a reality!

OUR GOAL:

OUR SERVICES:

To help you support KSU students’ educational goals through scholarships. We work with you on a continuous basis to ensure that your goals are being achieved and that the criteria and processes are refined as needed.

• Once your Scholarship Fund has been established, we will include your scholarship in our searchable database to match students and manage student applications with your wishes.
• Provide ongoing communication with scholarship recipients about the application, selection, and award processes.

The level of engagement is determined by you and you can be highly involved or as hands-off as you prefer. We take pride in keeping your philanthropy safe by ensuring compliance with applicable procedures of the Internal Revenue Code and adhering to best practices in the field.

• Verify relevant recipient eligibility data, enrollment status, and renewal criteria prior to sending scholarship awards for processing and distribution.
• Distribute grant checks directly to Kentucky State University students' accounts and ensure any unused portion is returned to your scholarship fund.

We work with you to put in place guidelines to enable us to manage the scholarship process with you and to efficiently and effectively service both you as the donor and the scholarship recipients.

• Provide digital access to your quarterly fund reports and the ability to view gifts into the fund as well as any scholarships granted from the fund annually or when requested by you.

OUR TEAM IS HERE TO:

• Help you design scholarship guidelines that will reach the candidates you request to support according to your intentions and to achieve your philanthropic goals.

OUR FEES:

• Develop a scholarship selection process that is based on your scholarship fund's unique criteria.
• The KSU Thorobreds Foundation, Inc. ensures students receive your scholarship during the award period, or every year for endowed gifts, not to accumulate fees.
• Implement scholarship industry best practices and engage with industry experts for up-to-date national data to ensure success.

As such, your scholarship account follows the below fee schedule:

• oRestricted (non-interest bearing - $500+ start) accounts: no scholarship processing or holding fees in award period
• Verify that all scholarship processes and funds comply with Internal Revenue Service's (IRS) regulations.
• oEndowed (interest bearing - $5,000+ start) accounts: 0.5% annual investment fee & 0.5% annual management fee
• Manage scholarships according to your intent during your lifetime and beyond.
• oStudent Awards are never assessed a transaction fee