PRESIDENT’S LEADERSHIP GRANT
The President’s Leadership Grant funds the best and the brightest from around the country. These funds give a full-ride scholarship to a few of the top students from each of the Nazarene universities and colleges. The outstanding students then come to NTS and help set the bar high for other students, and go on to serve the church in ministry around the world. Click HERE to make an online gift.
ESTABLISHING A SCHOLARSHIP FUND
Providing scholarships to God-called men and women who come to Nazarene Theological Seminary for preparation is vital to our mission and operation. Those called to ministerial service need the quality of preparation which NTS provides—however, education is costly and could saddle ministers with a burden of debt. Thus, scholarships can reap a rich harvest in the lives of well-prepared ministers and healthy mission-directed churches.
In addition, a scholarship fund can result in the extension of a person’s vision or a Kingdom centered cause. The scholarship may be established by a person, a family, or a group of persons who seek 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.
Scholarship donors are invited to suggest criteria (such as ministry service area) to guide the conferring of their scholarships. However, in order to ensure that each year, all available scholarship funds are distributed to those students preparing for ministry, in most cases, restrictive data should be offered as a means of preference for scholarship recipients. The NTS Scholarship Committee establishes conferral procedures and will take scholarship criteria into account; however, the Scholarship Committee will make final award decisions.
Establishing an Annually Funded Scholarship
Establishing an annually funded scholarship provides a quick and personal way for you to assist God-called men and women to prepare for a life of ministry. It also provides a way for you to honor or memorialize someone who has made a difference in your life and in the Kingdom.
Annually funded scholarships have the ability to be received and used the same year with no waiting period. The funds received will go directly to a student who meets the established criteria. A minimum of $5,000 per year needs to be received with at least a five year commitment to giving to this fund to establish this annual fund.
Establishing an Endowed Scholarship
Establishing an endowed scholarship provides a personal and permanent way for you to assist God-called men and women to prepare for a life of ministry. It also provides a way for you to honor or memorialize someone who has made a difference in your life and in the Kingdom.
Endowed 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. Each year, only a portion of the earnings (currently 5%, as set by the NTS Board of Trustees) are awarded to students as scholarships, while the remainder are added to the original principal and re-invested.
Two levels of endowed scholarship funds have been established:
- A fully endowed scholarship must have a minimum $10,000 principal balance. The funds will be invested for one full year, after which 5% of the fund’s earnings ($500) will be awarded to students.
- A Scholarship of Distinction endowment fund of $150,000 will establish a “Scholarship of Distinction.” The fund will also be invested for one full year, after which 5% of the fund’s earning ($7,500) will be awarded which will pay for most of the costs of tuition for one student for an academic year.
A reasonable time frame for the building of the fund is 5 - 7 years. Donors are encouraged to seek participation from family, church, friends, matching company funds, and other sources.
Most NTS students depend on financial aid to prepare for their calling to ministry. We hope you will consider partnering with the school by creating a scholarship. It is perhaps one of the best ways to link your legacy with the future of the Church.
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