Endowed Scholarships

An endowed scholarship is one which is funded from the interest earned the principle, which remains untouched indefinitely. The UNE Foundation distributes 3.5% on the value of the endowed fund (e.g. $100,000 would generate $3,500 annually) and any investment performance above the 3.5% is added to the endowment (e.g., if investment returns 6% a $100,000 endowment would provide $3,500 plus $2,500 to be added to the $100,000 endowment for a new balance of $102,500).