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Establishing New Awards:

A Donor’s Guide

Whether you want to give once, give monthly, or donate a security or mutual fund for greater finanacial benefits, with the AREF Endowment Fund you can establish a scholarship in memory of a loved one, in the name of a family member,a business or yourself. 

 

Disbursment to scholarships can be started with a donation of as little as $10,000.  Your endowment will be invested and with an expected annual return of 3-4% form the investment.  It is only these profits that will be disbursed to the scholarships.   Your principal donation will never diminish.  Any profits over and above 4% will be reinvested.  You will watch your principal amount grow year after year, insh Allah.  

 

By applying your donation to the AREF Endowment Fund, your sholarship will be awared yearly, in perpetuity, insha Allh.

profits will be distributed annully, in perpetuity.  In other words, once your monthly or one-time donation reaches $10,000, AREF will beging disbursing the scholarship in your name or a name you choose. 

 

You will also determine to what field of study you wish the scholarship will be awarded.

 

By following the next few steps, you guarantee that your endowment is placed:

 

Step 1: Determine the type of award you want to create

  • donors may wish to establish a named award to recognize the life and accomplishments of a friend, mentor, or family member.
  • awards in the form of scholarships.
  • determine the field of study for the scholarship e.g. science, arts, religious studies, etc.


Step 2: Decide how you will fund your Award

  • Donate Monthly
    • any amount
    • through either a direct deposit or credit card
    • once the endowment reaches $10,000, disbursment to Scholarships at the rate of 3-4% annulay will be made
  • One-time Donation
    • any amounts over and above $10,000
    • scholarships will be disbursed at the rate of 3-4% 
    • additional gifts can be added to the endowment at any time.


Step 3: Set the Terms and Conditions of your Award

  • donors may designate award to a specific faculty, department, degree program field of study, or year of study
  • alternatively, donors may choose to designate an “open” award with no faculty, field or year of study restrictions.
  • The terms and conditions of your award will be subject to approval by and should be compliant with those set by AREF Scholarship and Awards Committee.
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Donor Recognition

BENEFIT DESCRIPTION $100,000+ $75-100,000 $30-75,000 $10-30,000 $5-10,000 UP TO $5,000
Advertising Advertisement on AREF’s website            
Award Naming Awards will be named after the donor, or after a loved one            
Award Presenting Donors have the option to present the successful applicant at the Awards Gala            
Special Web Announcement Named award featured on AREF website            
Immediate Award Disbursement Immediate scholarship disbursement            
Annual Award Winner Announcement Donors will also receive a letter each year with the name of the award recipients(s)            
Award Winner Thanks Donors can expect to receive a personal thank you note from the student            
Complimentary Award Gala Tickets Award Gala Tickets

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tickets 

3 tickets  2 tickets       
Field of Study Selection Donors may designate award to a specific faculty, department, degree program field of study, and year of study            
Marketing Opportunities Ample Marketing Opportunities            
Award Gala Booklet Recognition Special recognition outlined in Annual Awards Gala and program booklet            
Endowment Fund Contribution Your donation goes to building the endowment fund             
Web Announcement Your name will appear on the AREF website            
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