Establish a Scholarship
Most of the funds in the Greater Seymour Trust Fund were established not only to honor special people, but also to serve a specific need which is or was close to the heart of those whose name it honors. A contribution of $10,000 or more allows the establishment of a separate fund for your specific purpose.
The Greater Seymour Trust Fund is a private foundation which makes distributions to recipients who have a 501(c)(3) designation. JCBank acts as Trustee for the Greater Seymour Trust Fund and the Fund is directed by a Board of Managers. The current Trustee's fee for the fund is 1.40% on the current market value of the fund. The Trust makes distributions based on total return as approved annually by the Board of Managers.
Consider the Following When Establishing a Scholarship Fund
- What would you like the Name of the Fund to be?
- What is to be the Purpose of the Fund? (Do not define your intended use of funds too narrowly as this may cause the funds not to be granted).
- Are there available funds sufficient to carry out the mission of the fund?
- Guidelines may be established by Grantor and upon review accepted by the Trustee.
- If Scholarship Fund,
- Who is to be considered an eligible student?
- Will scholarship be for tuition only, or include an amount for other expenses?
- Will ongoing GPA be required?
- Will scholarship for subsequent years be made?
- Will number of scholarships be limited to one participant a year?
- Scholarships are made payable to the student and the student's school.
- Possible criteria for scholarship eligibility:
- Financial Need
- High School/College GPA
- Community Service
- School Activities
Contact the Greater Seymour Trust Fund
For additional information regarding establishing a trust fund with the Greater Seymour Trust Fund please contact:
Brandon Hunsley, CTFA
AVP, Wealth Management Officer
JCBank
Phone - 812.524.4411
Email - This email address is being protected from spambots. You need JavaScript enabled to view it.