Site Guide . How to Establish an Endowed Scholarship Southwestern Adventist University is grateful to the donors who have made endowed scholarship funds possible. The funds have an accumulated principal greater than two years' annual tuition at the time the scholarship was established.
Net income is added to the principal along with additional gifts.
A biographical sketch and picture of the Donor's choice is printed in the annual Awards Convocation brochure to be given to each recipient. The income available for the scholarship award is 80 percent of the annual income. Twenty percent of the annual income is added to increase the principal and prevent the fund from being eroded by inflation. Southwestern may deem appropriate. Upon actualization the scholarship is listed in the Southwestern Adventist University bulletin along with other scholarships which are available to students.