The Named Endowment Program
The SWCC Alumni Association, in conjunction with the SWCC Educational Foundation, presents an opportunity to honor or remember a friend, a relative, a family, or to show your own interest in Southwest Virginia Community College. The Named Endowment Program allows you to establish a permanent scholarship fund, in a name chosen by you, to aid deserving students with tuition expenses.
This perpetual scholarship requires initial capitalization of $50,000, which can be accumulated over three years. This fund can be added to by anybody at any time, and the contributions are tax deductible under IRS guidelines. The minimum award in the Named Endowment Program is $1000. Therefore, it requires a principal balance of $50,000 to generate enough interest to make an annual award.
When sufficient interest has accumulated for an award to be made, you, as the donor, are invited to attend the annual Donor/Recipient Scholarship Banquet held in April, offering an opportunity for you to personally meet the student benefiting from your scholarship.
Donors are encouraged to explore the advantages of setting up life insurance policies or trust accounts for the purpose of funding this type of scholarship. Representatives from both the SWCC Educational Foundation Office and Alumni Office will be happy to meet with you and explain the tax advantages these options offer to prospective donors.
Mail Correspondence to:
Phyllis Roberts, Vice President of Institutional Advancement
SWCC Alumni Office
P.O. Box SVCC
Richlands, VA 24641
Tazewell Hall, Room 337