The Student Alumni Association is excited to announce that the "First To... Scholarship" has officially reached its initial endowment goal of $25,000 thanks to generous donations from students, Aggie Alumni, and other university donors! Due to the timely funding of the endowment, we are proud to say that one $1,000 scholarship is awarded to a deserving Aggie student each year; but we don't want to stop there. With a second endowment goal of $50,000, we can award two scholarships each year and we need your help to get there. Donate today and leave your impact for future "first to" Aggies!
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$20.22
Thank you card from SAA
$15
Thank you email
$10
Thank you email
Additional Details
- Your gift will be used only for the above-stated purpose if the required minimum endowment level of $25,000 is met by December 31, 2025. If not met, the gift will be considered expendable towards the stated purpose.
- The Endowment will exist in perpetuity. If circumstances arise that render the stated purpose of the Endowment (as set forth herein) illegal, impractical, impossible, or wasteful (e.g., a change in law, the elimination of a USU program, position, or course of study, the persistent unavailability of scholarship recipients that meet the criteria, etc.); then, as set forth in this Solicitation, under such circumstances and in keeping with Utah Code 51-8-501(1), USU may designate a new purpose and/or scholarship selection criteria for the Endowment. Any such new purpose shall be defined by USU’s President and Vice President of Academic and Instructional Services.
- The Endowment shall be deposited and invested by the Board of Trustees of USU, through the USU Investment Advisory Committee in accordance with USU’s investment policy. The USU Foundation is the legal entity designated by USU to receive charitable gifts in support of its academic mission.
- Distributions from the Endowment shall be governed by USU’s Endowment Spending Policy. The spending policy calls for an annual distribution up to 5% (currently set at 4%) of the value of the endowment account to be expended per the gift agreement. An additional 1.5% of the endowment value shall be used to fund the administration of the endowment and USU advancement efforts. All additional gains shall be retained as appreciation and invested along with the corpus to grow the value of the Endowment over time.
- By letter dated May 21, 2008, the Internal Revenue Service has declared the USU Foundation (federal tax identification number 87-0627128), to be a duly qualified charitable organization under section 501(c)(3) and also an organization described in sections 509(a)(1) and 170(b)(1)(A)(iv) of the Internal Revenue Code. The Foundation is a duly chartered active Utah nonprofit corporation, under the provision of Utah Code, Title 16, Chapter 6a.