PRESIDENT’S LEADERSHIP GRANT
The President’s Leadership Grant provides full-ride scholarships to some of the top students from each of our Nazarene colleges and universities. These outstanding students are often key in the successful recruiting of their peers, and their presence here sets the bar high for those preparing to fulfill God’s call. Click here to give.
ESTABLISH A SCHOLARSHIP FUND
Providing scholarships to God-called men and women who come to NTS to prepare to be faithful and effective ministers is vital to our mission. There is no doubt that we owe our students the very best education in the classroom–but we must do so without saddling them with a burden of debt. Student ScholarshipS help keep this from happening. Additionally, a scholarship can result in the extension of a person’s vision or kingdom-centered cause, as they are often established by a person, family, or group of persons who wish to honor or memorialize someone—naming the fund in their honor/memory. In this way, starting a scholarship is a way of passing on a mantle for Christian service; it is perhaps one of the best ways to link a legacy with the future of the Church.
ANNUALLY FUNDED SCHOLARSHIPS
Establishing an annually funded scholarship provides an immediate way to assist current students, as funds can be received and awarded within the same year. This type of fund requires a minimum of $5,000 be given annually for at least five years.
Endowed scholarship funds, equated with excellence and long-term strength, differ from other gifts in that they are truly the gift that keeps on giving. Instead of the entire amount of the gift being awarded outright, the total amount of the gift is invested, and each year only a portion of the earnings (currently 5%, as set by the NTS Board of Trustees) is awarded as a scholarship; the remaining earnings are added to the principal and re-invested. Two levels of ENDOWED SCHOLARSHIP FUNDS have been established. First, a fully endowed scholarship must have a minimum principal balance of $10,000. Once a fund reaches $150,000, it is deemed a Scholarship of Distinction, the 5% of earnings of which provide a student with the equivalent of a full-ride scholarship.
A reasonable time frame for the building of the fund to the initial $10,000 balance is 5 – 7 years. Once the minimum $10,000 balance is reached, the funds are invested for one full year, after which 5% of the fund’s earnings begin to be awarded to students.
Download a copy of the NTS Scholarship Worksheet.
To learn more or to set up a scholarship, please contact:
Lori Neely, NTS Donor Relations at (816) 268-5434 or firstname.lastname@example.org