ESA FOUNDATION IRREVOCABLE ENDOWMENT AGREEMENT PROGRAM
The ESA Foundation established the Perpetual Endowment Scholarship Program as a means to accommodate those people interested in furthering the purpose and goals of the ESA Foundation. A perpetual endowment is an everlasting memorial or honorarium, which earns interest annually. The scholarship endowment program was established with a minimum amount of $5,000 on deposit with the ESA Foundation to become endowed.
The money is placed in a trust account, which earns interest. A scholarship amount is determined and awarded from the established spending rate totals after May 31 of the current year.
FUNDING: A minimum of $100 is required to establish an endowment. The fund will be established and the endowment's name will be placed on the contribution form to receive donations. All donations are mailed to: ESA Foundation Registered Agent, 363 West Drake Road, Fort Collins, CO, 80526.
The ESA Foundation scholarship chairman may be contacted to request the necessary agreement forms to begin an endowment.