Scholarships

Incarnate Word Academy remains strong today because of the generosity of many parents, alumni, past parents, and friends. If you are interested in making a difference in a child’s life and in supporting the spiritual and intellectual growth in our community, we invite you to consider establishing a scholarship.

Types of Scholarship Funds

There are two types of scholarship funds: annual and permanent . An annual scholarship fund responds to current needs. Typically, contributions to this type of fund consist of $1,000 or less and the entire fund is distributed within twelve months of receipt.

A permanent scholarship is an endowed fund. An endowed scholarship fund provides a predictable source of funding in perpetuity and will always memorialize or honor the name(s) placed on it. A minimum contribution of $10,000 is required to endow a fund. A donor has the option of funding the scholarship over a three to five year period. The basic plan underlying an endowed fund is simple. The principal of the fund is never spent. It is invested and the earnings are used to fulfill the purpose(s) for which the fund was created.

We can provide information about funding alternatives (cash, marketable securities, planned gifts); the process involved in creating an endowment (agreement terms); naming options (your own, a loved one, a business); and donor benefits (personal satisfaction, reports, interaction with scholarship recipients, donor recognition society). Contact the Advancement Office at (361) 883-8229.