Establishing a Fund in the P.E.O. Foundation
The P.E.O. Foundation offers the opportunity for individuals or chapters to establish a permanently endowed fund. The fund may be named as the donor wishes, and is often established in the donor's name or in the name of one being honored or memorialized.
A US $1,000 initial deposit toward the minimum permanent balance of US $5,000 is required. The minimum permanent balance must be reached within five years.
The options for the types of funds held in the P.E.O. Foundation:
Transfer Funds to P.E.O. Educational Project(s):
Donors may establish a fund with the income automatically transferred annually, or accumulated until sufficient to pay a full award to one or more of the qualified educational and charitable projects of P.E.O.
Funds may be established for the benefit of the P.E.O. educational projects without the donor having to determine the exact distribution of income. Donors may leave that decision to the P.E.O. Foundation Board of Trustees. The income from Undesignated Funds is distributed to the P.E.O. educational projects annually.
Cottey College Scholarship Funds:
Funds may be established for payment of Cottey College scholarships. Scholarships will be paid directly to Cottey College for a student who has been chosen by your scholarship committee. If you wish for personnel at Cottey College to choose the recipient, then a transfer fund to Cottey College may be established for this purpose.
General Scholarship Funds:
Funds may be established for payment of a scholarship to a female student who has been chosen by your scholarship committee and may be paid to the recipient or to the school in which she is enrolled. No scholarship fund shall be established whereby the income is transferred to a school or other foundation for their selection of recipients.
For additional information on establishing a fund, please reference the following: