Providing donors and organizations the ability to create scholarship funds for area youth has been a Foundation priority from the beginning.

Scholarships at the Foundation can be as broad or as specific as a donor wishes. The Foundation works closely with each donor to fulfill the donor’s philanthropic desires.

How to create a scholarship fund

The San Angelo Area Foundation makes it easy to create a scholarship fund. Donors need to consider:

• What to "name" the fund
  
• Do I want the fund to last in perpetuity (endowed)?
  
• Do I want to target a particular field of study?
  
• Do I care what college the student desires to attend?
  
• Do I care from which high school the student graduates?

Many donors who desire to establish a fund can easily do so by contacting the Foundation and working with the staff to answer the questions above and more. The Foundation then prepares an agreement, and then the Fund is created! There is no need to establish a separate entity or trust account to handle this type of fund. Donations to Funds at the Foundation are considered charitable and are fully deductible from federal income tax. (Be sure to consult your professional tax advisor.)

How to apply for a scholarship

The Foundation accepts scholarship applications until March 1st of each year, announces awards in May, and makes payments in the fall and the spring.

Scholarship application forms may be downloaded here, or you can request one to be mailed to you by calling the Foundation office. Students need apply only once; students are considered for all scholarships for which they qualify.

San Angelo Health Foundation grants

The San Angelo Health Foundation was responsible for helping the San Angelo Area Foundation get off the ground with start up funding and continued their support by awarding a matching grant program in 2004. This grant greatly assisted donors by matching new endowed scholarship funds totaling $800,000 in matching grants over the past four years. During this time, the Foundation has been blessed to have donors establish a total of 44 scholarship funds that total more than $3 million in assets. Some donors have given in excess of the matching grant, which truly blesses our area.

This year, the Foundation expects to grant over 100 scholarships exceedingThe San Angelo Health Foundation was responsible for helping the San Angelo Area Foundation get off the ground with start up funding and continued their support by awarding a matching grant program in 2004. This grant greatly assisted donors by matching new endowed scholarship funds totaling $800,000 in matching grants over the past four years. During this time, the Foundation has been blessed to have donors establish a total of 44 scholarship funds that total more than $3 million in assets. Some donors have given in excess of the matching grant, which truly blesses our area. This year, the Foundation expects to grant over 100 scholarships exceeding $150,000. These funds will continue to grow and so will these scholarships. A big Thank You to the San Angelo Health Foundation and to our wonderful donors! $150,000. These funds will continue to grow and so will these scholarships.

A big Thank You to the San Angelo Health Foundation and to our wonderful donors!