Create a Scholarship Fund to Benefit Door County Students
A Donor Story: Stanley R. Greene
Stanley R. Greene was the longest serving mayor in Sturgeon Bay’s history. A one-time radio talk show host and former state library board commissioner, Mr. Greene was a champion of education throughout his lifetime. He spent thousands of hours documenting the history of Door County. After Stanley’s passing in 1995, his wife Jane made a provision in her own estate plans to one day create a scholarship in her husband’s name. Today, each year a handful of students are named Stanley Greene Memorial Scholars and honored at the annual award ceremony at Sturgeon Bay High School. With that designation also comes a scholarship to help these young people pursue their education. By creating the Stanley Greene Memorial Scholarship Fund, Jane ensured her husband’s legacy will live on forevermore.
You can create a Scholarship as a memorial to someone special, selecting eligibility criteria that exemplify that person’s goals and values. You might choose to use it to express your own educational values – or those of your family or business. Depending on your preferences, the Scholarship Fund you establish can support any area of academic need, including tuition, room and board, and books. Our professional staff tracks performance to ensure students continue to meet the terms for scholarship support.
If the scholarship you establish is renewable, you can review updated information on the progress of the recipients over the years. You may even elect to meet these students – something many donors find rewarding.
Creating a Scholarship Fund is simple.
- You make a gift to the Door County Community Foundation – you can give cash, appreciated stocks, real estate, or other assets.
- We set up a Scholarship Fund in your name, in the name of your family or business, or in honor of any person or organization you choose.
- You receive a tax deduction in the year your gift is made.
- Our professional staff helps you to determine eligibility requirements for the scholarship you establish – considering factors like a student’s field of study, academic achievements, extracurricular activities, financial need, background, geography, etc.
- You can be involved in selecting the scholarship recipients. The Community Foundation can create a process for your Scholarship Fund that allows you to participate while still complying with the complex Internal Revenue Service rules for scholarships.
- We handle all the administrative details – such as verifying that the student has registered for class before we issue a check.
- Your gift can be placed into an endowment that is invested over time. Earnings from your Fund are used to make future scholarships. Your gift – and all future earnings from your gift – can become a permanent source of community capital, giving back literally forever.
Download an information sheet about Scholarship Funds.
Then create a Scholarship Fund today, or as a part of your estate plans. To learn how, speak with your estate planning professional or contact the Door County Community Foundation.