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We succeed when our students succeed
Thank you for your interest in establishing a scholarship fund here at Henry Ford College.
HFC attracts gifted students from all backgrounds. They bring with them a wide range of experiences and viewpoints that make HFC one of Michigan’s best and most affordable colleges. When you establish a Scholarship Fund for HFC students, you are investing in a brighter future for all by enabling deserving, talented students to expand their knowledge and gain the skills that will empower them to thrive and create a better tomorrow.
The Henry Ford College Foundation can guide you through each step in establishing an annual or endowed scholarship.
A renewable annual scholarship is a great way to support Henry Ford College students. You can establish an annual scholarship of $500 or more.
When you establish a renewable annual scholarship, you have the freedom to
- name the scholarship;
- choose to support students that want to pursue courses of study or programs that interest you;
- establish the criteria students must meet to receive all or part of your annual scholarship; and
- adjust the amount of your annual scholarship when you renew the scholarship each year.
Each year, you will receive a report detailing your annual scholarship awards so can see how your scholarship makes a profound difference for deserving students.
An endowed scholarship is a meaningful, permanent way to honor or memorialize someone or something important to you. In an endowed scholarship, the beginning and future principal remains intact in perpetuity. Your gift is invested, earnings from the invested funds (typically 3-5% based on HFC guidelines) yield an annual award used for the scholarship.
The minimum to establish an endowed scholarship is $10,000, which can be gifted over a one- to three-year period. Like an annual scholarship, you can name the endowed scholarship and determine the recipient selection criteria. Also, the HFC Foundation will administer the scholarship and provide you an annual report detailing how your invested endowment performed and how the awarded scholarships helped students.
The first scholarship awarded from your endowment would be distributed in the following academic year.
To create a scholarship, you should consider the following:
Type: What type of scholarship will this be, an Annual Scholarship (funded each year, $500 minimum investment) or an Endowed Scholarship (minimum $10,000 investment)?
Name your scholarship: Naming the scholarship fund is very important. You can give it a general name, your name or name the scholarship in tribute to a loved one or special individual.
Purpose: Decide for what purpose(s) students who receive your scholarship may use the funds. Students often seek scholarships to help cover tuition and fees. They often seek scholarships to help with purchasing textbooks, laptops, transportation, as well as paying for room and board.
Which student(s) would you like to help: Which student(s) do you want to award your scholarship funds to? If you are uncertain, here are a few examples. You could choose to award a scholarship to one or more students who:
- demonstrate financial need;
- have an outstanding academic record;
- are of a certain culture;
- enroll in courses or programs that have a special meaning to you or your family;
- attend college full-time or part-time;
- want to enter a specific career field or skilled trade;
- are just starting or finishing their college education; or
- have a disability requiring additional funds to help them to fully engage in their college experience
Funding: After you determine the amount of funding you wish to place in your annual or endowed scholarship, you can choose to award one scholarship to one student for the entire amount or award several smaller scholarships to more students.
Application process: You can choose how students apply for your scholarship. For example, you could request applicants write an essay or make a short video explaining their need for the scholarship, commit time to volunteering, write a report about their career goals, or of course, simply fill out an application form.
When you are ready to establish an annual or endowed scholarship for Henry Ford College students, we can help you navigate the process.
Scholarship Coordinator & Donor Relations
After you establish your HFC scholarship, it will be included in our annual list of available scholarships featured in various HFC publications, and on our website throughout the year. Scholarship awards are distributed at the start of the academic school year (Fall semester).
The Henry Ford College Foundation will provide you with an annual endowment or scholarship report. The report will highlight information about the student(s) that are awarded your scholarship(s), the award amounts, or the amount in the principal endowment account, if applicable. You also may have an opportunity to meet the recipient(s) of your scholarship at our annual scholarship breakfast and receive periodic invitations to attend special programs or events hosted by the Foundation.