An endowed fund can be established through the EITC Foundation to support student scholarships, specific EITC programs, professional development of staff and faculty or any area where you wish to fulfill a need.
When you create an endowment, we invest the principal amount and utilize the earnings to support your annual project on a continual basis. A minimum contribution of $10,000 is required to establish an endowment, but you are welcome to contribute to your endowment to increase the annual dividend. There are no charges or fees to create an endowment, and 100% of the derivative will be used for your project.
Each year, 5% of the principal value of your endowment will be used to support your program of choice. Our balanced portfolio is closely managed by the Finance Committee of the Eastern Idaho Technical College Foundation's Board of Directors.
Some of our current endowments include:
Bill and Shirley Maeck Family Scholarship - Long-time supporters of local education causes, the Maeck family set up an endowment that provides several annual scholarships to students studying in the health care technologies field.
Idaho Steel Scholarship - Aimed at providing assistance to those in our welding programs, Idaho Steel has been a tremendous supporter of students who will contribute as professionals in welding community.
Hazel Rose Family Scholarship - Created through the Idaho Community Foundation, Hazel and Rod Rose created a scholarship endowment that has been assisting EITC students for many years.
Opportunity Scholarship - Set up by anonymous donors, this endowment provides scholarships to EITC health care students, with a preference given to minority students.
Brady Family / Joshua David Clifford Memorial Scholarship - Set up by Joshua's grandparents, Cliff and Ruth Brady, as a way to memorialize this bright EITC student who passed away unexpectedly. One scholarship is given annually to a business office technology EITC student.