Why Establish an Endowment Fund?

An endowment typically includes funds donated on certain conditions.  The Deanes Pencil Fund was established with the purpose of providing scholarships to minority students needing assistance repaying student loans.  This  fund is invested for growth.   The interest, dividends and market appreciation are used to fund scholarships each year. Some might ask, "Why not just award all funds raised annually?"  If we gave the funds out each year, when our fundraising stops, so would the scholarships.  The Deanes Pencil Fund is designed to award scholarships for centuries to come!   Our goal is to build something much bigger than ourselves!  We are building a fund that is lasting and will help reduce the burden of student loan debt for many many years.    We appreciate the support of our donors, volunteers and visionaries in making this happen!