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What are my options if I choose to create an expendable (nonendowed) fund?

April 26, 2017create expendable fund nonendowed Options

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What are my options if I choose to create an expendable (nonendowed) fund?

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Expendable funds do not create permanent legacy endowments. Rather, all of the gifts donated to these funds are wholly expendable. However, you may create permanent endowments from your existing expendable funds, or in addition to such funds. The minimum funding level for an expendable fund is $1,000. Annually funded scholarships of $1,000 or more can be made to enhance the educational experience of Ball State students.