Citizens Scholarship Foundation of Stafford
The following
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Citizens Scholarship Application
2006 CSF of Stafford Scholarship
Recipients
What is Citizens' Scholarship Foundation of Stafford?
What Types of Funds Can be Established?
How is a CSF of Stafford Fund Established? Permanent Fund Memorials
How Does the Permanent Fund Work? My Fund Does Not Equal $2,000
How Do Funds Grow? Important
Documents
Note: All Gifts are tax deductible
Citizens' Scholarship Foundation of Stafford was founded in 1962 by
a group
of concerned citizens for the purpose of awarding scholarships to
assist students residing in Stafford and Union to obtain education
beyond secondary
or high school level; such scholarships shall be awarded on the basis
of the needs and relative merits of the applicants without regard to
their race, color, creed, or sex.
- Funds may be established in memory of a loved one who has passed
away
- Funds may be established to recognize the commitment of your
business, club, or organization to education.
- Funds may recognize the retirements, major events, or for any
reason to help area students fulfill their educational needs.
To establish a CSF of Stafford Trust Fund, contact either of the
following people: Gary Shearer, President at 860-684-3644 or Rose
Roszczewski, Treasurer
at 860-684-6321 or mail your request to CSF of Stafford, P.O. Box 25
Stafford
Springs, CT 06076. If, however, you wish to start a fund at the time
of bereavement it is not necessary to contact CSF right away. At the
request of the next of kin the funeral directory will include in the
obituary
notice, "Donations may be made to CSF of Stafford, P.O. Box 25 Stafford
Springs, CT 06076" This will quickly notify family and friends of your
wishes. When ready, (usually after a few weeks) the family may contact
Mrs. Roszczewski
or Mr. Shearer directly. The family's wishes as to the type of memorial
desired can be determined at that time.
If you would like to perpetuate the memory of a loved one in a way
which would provide a scholarship award each year to a local student in
the name of a loved one, consider creating a Permanent Memorial Trust
Fun in the endowment of CSF of Stafford. Donations totaling $2,000 are
required to establish a
permanent memorial fund. The donated money will be invested by CSF of
Stafford,
and the income will be used to provide a scholarship each year awarded
on
behalf of the fund bearing the name of loved one.
The endowment program works on a simple concept. The original money
gift is invested in a nainterest bearing instrument. Each year the
interest generated by the investment is awarded as a scholarship. The
original amount, or "principal" reamins in the interest bearing
instrument to generate more interest, which in turn will be awarded
next year. Fund must total $2,000 before they generate a yearly
scholarship.
Funds that are started and do not reach the $2,000 goal may be
allowed to grow over a few years. if it appears that the fund will not
reach the $2,000 plateau the fund originators may decide to award the
entire amount the following year as a scholarship or turn the money
over to the CSF of Stafford
General Fund to be used for continuing scholarship.
A fund grows when additional principal monies are contributed
directly to the Fund. Many individuals, clubs, organizations, and
businesses earmark their Annual Appeal contributions to a specific
fund. Some fund sponsors conduct fund raising acitvities. Some
businesses match their employees' contributions.
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