Eta Phi Mu Endowed Fund, pending endowment
1. Minimum endowment level is $25,000
2. Lead donors to commit/pledge the first half, $12,500; usually four/five donors
3. Recommended time frame is three years, yet can be up to five
4. Possible to build endowment and begin a spending account to award right away
5. Once minimum of $25,00 is met, vests for 18 to 24 months
6. Lead donors are the contacts, annual financial report & info about recipients

The Eta Phi Mu Alumni Association creates a Endowment Fund Committee who administers the application review procedure. In the spring of each year, usually by May 1, the Committee selects the top candidate(s) to receive the scholarship. This is submitted to the Director in the Office of Financial Aid. The office allocates the scholarship to the candidate for the next Fall Semester.
Initially the endowment will earn about 4% with a distribution of approximately $1,000. Over time, as long as markets grow, the distribution amount will increase.
Additional gifts can be added at any time in order to grow the endowment. The distribution percentage is calculated off of the market value of the fund not the contributed value. For example, if in year five the fund is valued at $28,000 the distribution will grow to $1,120. Annual financial reports are shared with the lead donors, organization representatives, and a report will be given at homecoming meetings.

Checks may be made payable to Otterbein University.

Please reference the scholarship on the memo line and mail to:

Institutional Advancement - Development

1 S. Grove Street

Westerville, OH 43081

To learn more or to setup a mulit-year pledge, contact Kathleen Bonte, Executive Director of Development at (614)823-2707 or kbonte@otterbein.edu

General inquires to Alumni President, Bud, bud@creekstonebenefits.com

Contributions are Tax Deductible!! Tax ID 31-4379532