Scholarships
Scholarship Program
Kewanee Schools Foundation and the Kewanee School District awards over $160,000 in scholarships annually to graduating seniors of Kewanee High School. Scholarships can be established for students who meet certain criterion and can also be designated toward particular types of expenses. Naming a scholarship in memory or honor of a loved one, friend or colleague, is a great way to carry on their legacy for many years to come.
For more information on the Kewanee Schools Foundation Scholarships Program, or to establish a scholarship fund, please contact us.
Endowed Scholarships
- A minimum of $10,000 is needed to establish an endowed scholarship, where the principal is invested and only the interest earnings are utilized for scholarship awards.
- Endowed scholarships will continue to provide scholarship awards in perpetuity as the principal is never invaded.
- Endowed scholarships are held for a period of one year before awarding the first scholarship(s), in order for investment earnings to grow.
- The Foundation determines the percent of earnings that are awarded from endowed scholarship funds, which typically ranges between 3% - 4% annually.
- For example, a $25,000 donation would result in a scholarship that awards $750-$1000 per year.
Annual Scholarships
- Annual Scholarships are established when the donor wishes to disburse the donated principal amount over a period of one or more years. Once the principal in the fund is depleted, the annual scholarship is no longer awarded unless the donor(s) wishes to supplement the fund for an additional period of years.
- The minimum donation to establish an annual scholarship is $500 for one year.
- Example Scholarship: A $2500 donation would provide $500 annual awards for 5 years.
Scholarship Applications
The Foundation created a very helpful Scholarships & Awards Handbook available to Kewanee High School students. The handbook also includes valuable tips on applying for scholarships and also necessary applications. Since the foundation adopted this role, over $160,000 in scholarships is awarded annually.
