Donors who wish to create a legacy celebrating or memorializing a loved one as well as Corporate Partners who wish to make a lasting commitment to Navy families may establish an Endowed Renewable Scholarship that, for a donation of $125,000, is structured to award a named scholarship for a minimum of 30 years.
To establish the endowment, a donor will notify WOASF of their intent to fund an endowed scholarship. Once notified, the foundation will establish a standalone account to contain the funds, and it will be named as the donor desires. Donations to an endowed scholarship can be made in any amount and the scholarship will be considered “fully funded” when the account value reaches $125,000. Donors will have a maximum of five years to reach this goal.
WOASF will not fundraise for any specific endowed scholarship but will
advertise all endowed scholarship funds in the WOASF newsletter and on the WOASF website.
For more information on our Endowed Renewable Scholarship Program contact Andrea Diamond at a.diamond@woasf.org or call 757-228-3314.