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Scholarship sponsors may place their funds in an Endowed account or an Annual account

Endowed Scholarships
The initial contribution for an Endowed account must sustain at least ten years of granted scholarships.  Some Endowed accounts have a set value; in other instances, the amount of the scholarship is governed by the amount of interest earned.  Interest is calculated and allocated at the end of the Foundation's fiscal year (August 31).

Annual Scholarships
The sponsors of Annual scholarships contribute funds to cover each year's payout.  
Annual accounts do not earn interest.

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