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Initiative Quarterly Magazine
Initiative Quarterly

Scholarship Funds

Donors may establish Scholarship Funds to benefit students of a particular school, geographic region or other designation.

You may add to your Scholarship Fund at anytime and so can others who share your interests in the community.

Advantages of establishing a Scholarship Fund

Personal: Establish a Scholarship Fund in honor or in memory of a loved one or name it to recognize your family, business or a particular interest.

Enduring: You can make a permanent impact on the lives of recipients, who in turn are likely to continue the tradition of helping others.

Flexible: Provide a scholarship now or plan a gift from your estate. The Initiative Foundation can accept donations of almost any asset including cash, stock and real estate.

Efficient: You benefit from the most advantageous tax treatment for a charitable gift, and the Initiative Foundation handles the administrative details.

Accountable: You can access information about your fund anytime online through the Turn Key Fund Portal, and you will receive quarterly statements that show all activity in your fund.

Who should establish a Scholarship Fund?

A Scholarship Fund is ideal for individuals, families, businesses and groups who ...

  • Value education.
  • Want to give others an opportunity to pursue their dreams.
  • Want to establish a legacy to honor or remember someone.

Financial facts

The ability to combine funds into professionally managed portfolios allows greater diversification of investments and access to investment vehicles that would not be possible for individual funds.

Each fund is charged a fee for administrative and investment services facilitated by the Initiative Foundation. Investment fees are dependent on the investment portfolio selected. Administrative fees are based on asset size and fund type.

Get started

  • Discuss a Scholarship Fund with us. We encourage you to partner with an appropriate school, college or university to create guidelines for the selection process and determine recipients.
  • We will customize a fund agreement for you.
  • Make an initial contribution.



Carl Newbanks
Director of Development
(320) 631-2042


Mike Burton
External Relations Officer
(320) 631-2059


Kerie Thoma
Program Specialist
(320) 631-2054