Scholarship Funds
Honor a legacy. Invest in a future
CREATE Foundation manages every detail so your scholarship keeps giving — year after year
Fund Types
Endowment vs. Pass-Through
CREATE Foundation offers two types of scholarship funds to suit your giving goals. The Endowment Fund grows in
perpetuity — ideal for creating a lasting legacy. The Pass-Through Fund offers maximum flexibility for donors who prefer to disburse funds on their own timeline.
SCHOLARSHIP ENDOWMENT FUND
- Principal Use:
- Permanently restricted. Grants limited to annual spendable amount (currently 4%)
- Investment:
- Placed in an investment pool and managed by a fund manager
- Income Allocation:
- Interest, dividends, and unrealized gain/loss allocated to the fund
- Fees:
- Annual administrative fee of 2% of the fund balance
SCHOLARSHIP PASS-THROUGH FUND
- Principal Use:
- Not permanently restricted. Up to 100% of the balance may be disbursed
- Investment:
- Fund balance is not invested in a pool
- Income Allocation:
- No interest or dividend income allocated to the fund
- Fees:
- Flat administrative fee of $150 charged annually
Administration of Scholarship
Support Provided by CREATE
When you establish a scholarship fund with CREATE Foundation, our staff manages the entire administrative process — from application distribution to award delivery. You define the criteria; we handle the rest.
Email applications to high school counselors and collect them on the deadline
Send copies of applications to the scholarship committee for the selection process
Print the certificate for the recipient(s) and coordinate with high school counselor for awards day
Notify the recipient of any scholarship requirements and monitor them (e.g. maintaining GPA)
Send the scholarship payment directly to the institution
Prepare a quarterly fund statement showing all fund activity
Scholarship Design
Potential Criteria for Selection
You define what makes a qualified recipient. Below are common criteria donors use when structuring their scholarship — mix and match to reflect your vision.
Scholarship Amount
Define the award amount, frequency, and whether it is renewable each year
Geographic Area
Graduates from a specific high school, community, or county in Northeast Mississippi
Institution Type
Attending a specific institution or type (public, private, in-state, etc.)
Field of Study
Show interest or intent to pursue a particular academic field or career path
Academic Achievement
Minimum GPA and/or standardized test score requirements
Financial Need
Demonstrated financial aid need requirement for applicants
Enrollment Status
Acceptance for full-time study or minimum credit hours at an approved institution
Community Involvement
Leadership or involvement in a community organization or school program
Special Group Status
Minority status, specific gender, or membership in a defined group
Essay Requirement
Written essay demonstrating goals, character, or qualifications
Age Requirement
Applicant must meet a specific age threshold to be eligible
Education Level
High school graduate, currently enrolled in college, or G.E.D. holder
Ready to Establish a Scholarship Fund?
Our team handles every detail of administration — so you can focus on the impact.
