In any fiscal year in which funds are available for new awards, the Department of Education publishes a notice in the Federal Register inviting applications and establishing a deadline date. An application package is available from the Office of Higher Education Programs. Copies are available on the web page and will also be mailed upon request. This program is subject to the provisions of OMB Circular No. A-110. The deadline date is published in the Federal Register.
Renewals are subject to the availability of funds.
There are no formula or matching requirements. An annual evaluation report is required for each fiscal year in which an organization uses the interest from the endowment fund. Fiscal Year 2000 will be the first year for the program. It is anticipated that not more than 2 endowment grants will be awarded. Contact the Program Office for information.