Want to offer a Scholarship for Seniors? Start here.
Wylie ISD Education Foundation manages scholarships through two avenues:
enduring endowments and pass through donations. Here is a brief description to
help you navigate a start.
An endowment is a fund that is restricted by the Foundation’s Board of Directors.
So that the fund lasts in perpetuity, only the fund's earnings can be spent,
preserving the principal, as it is the principal which generates the interest on an
ongoing annual basis. An endowment will support education for generations,
leaving a legacy in Wylie ISD. A named endowment can be started with a $10,000
investment which will pay a $500 award annually. The endowed principal can be
paid in one lump sum or over five years. With the five year plan there is a lot of
flexibility with how the payments are made, but roughly it breaks down to $167 a
month or $2,000 a year for five years. A named endowment yields it's first award
one year after payment in full. Additional funds can be added to the principle to
increase the award amounts. A named endowment can fund a scholarship or
With a scholarship endowment you see the individual student directly impacted
when they receive their scholarship. For further details on investing in an
endowment please visit this direct link: www.wylieisd.net/domain/670
If you are interested in a one-time or annual scholarship donation that requires no
long-term investment - a pass through scholarship, we have a process in place for
that. We work with Wylie ISD hosting a single on-line application for graduating
seniors to apply. Students complete the process and the Foundation vets each
according to the donor's unique criteria.
This note is only meant to offer initial direction. Please reach out to our office with
any questions. We expect to be a responsible steward of your donations so we want
this process to be very clear for you. Thank you for being a part of our mission to
enhance education in Wylie ISD classrooms.