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Establishing New Awards:

A Donor’s Guide

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, prizes or bursaries.


Step 2: Decide how you will fund your Award

  • Donate towards the Endowment fund
    • Any amount
    • One-time donation
    • Monthly through either a direct deposit or credit card
  • Establish an Endowment in your name (or a loved one) 
    • a minimum one-time gift of $25,000
    • minimum 3 years before disbursements commence
    • additional gifts may be added to the endowment at any time.
  • Establish an Endowment with no waiting period
    • A minimum one-time donation of $30,000
    • Provides a $1,000 in perpetuity
    • Donations or more than $30,000 allows you to either increase the sise of the annual scholarship or, provide multiple scholarships. For example, a $100,000 donation results in an annual scholarship of $4,000 or 4 scholarships of $1,000 each.


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.
  • Awards Categories: 
    • Entrance Awards
    • Academic Excellence Awards
    • Leadership Awards
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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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