Establish a scholarship

Scholarships are a meaningful way to promote community philanthropy and support the next generation of leaders.

Thank you, Neighbor, for investing in what makes Northwest Minnesota great: It’s people.

Scholarships support our future leaders

Establishing a scholarship fund is a wonderful way to create a lasting legacy and to support generations to come. Setting up a scholarship fund is simple and does not require ongoing effort from you. Once it is in place, distributions from the fund are used to provide educational opportunities for individuals across our region and are chosen by an independent scholarship committee.

Consider a scholarship fund:

As a family legacy
In memoriam of a loved one
In tribute of a career milestone
As a retirement honor
As a way to give back for scholarships you’ve received

Frequently asked questions

What is the minimum amount needed to start a scholarship fund?

A scholarship endowment fund requires a minimum of $25,000 to establish.

Can I determine the eligibility or educational focus of the scholarship?

A donor may establish the eligibility or educational focus on the scholarship which they are establishing. For further guidance, our Philanthropy team has a pulse on educational trends and needs in the region to assist a donor when thinking about the eligibility.

How will recipients of my scholarship be selected?

Once your scholarship fund is established, scholarship recipients are chosen by an independent scholarship committee or a donor may opt for Northwest Minnesota Foundation to be the scholarship selection committee.

How is the scholarship name determined?

Donors may establish a scholarship fund in their name or the name of a loved one.