Donate & Endow
We deeply appreciate your partnership to impact this region by providing educational opportunities for students served by Gadsden State Community College. You have numerous choices for your philanthropy, and we are grateful for the trust and confidence in us.
There are many options for donating and endowing scholarships with The Cardinal Foundation.
Annual Scholarships
Annual Scholarships are those where the gift or a portion of this and any future gifts will be expended for the purpose stated until such time as the account has a $0 fund balance. Additional gifts can be added to the account at any time to extend the life of the scholarship, gift or award or to increase the number of available scholarships. Available award amounts are based on the entire balance of the fund at the time of awards.
Endowed Scholarships
“Endow” means that the Cardinal Foundation will invest the gift so that investment returns will provide funding to accomplish the stated purpose. Additional gifts may be added at any time. Endowed scholarships are established with a minimum donation of $25,000 or a series of donations over a specified period of time. Distributions are calculated by applying a spending rate, which is set annually by the Cardinal Foundation, to an average balance of the fund.
Contribute to an Existing Scholarship
The Cardinal Foundation has existing scholarship funds. Gifts of all sizes are always welcome. It is not necessary to complete the remainder of this form if you wish to contribute to an existing scholarship fund.
Meeting our fiduciary responsibility is at the core of operations and we have partnered with the Community Foundation of Northeast Alabama to offer our donors impeccable fund accounting and fund administration as well as best-in-class institutional money management through Mason Investment Advisory Services.
Please call Hillary Folsom, Director of Advancement and Alumni Relations to discuss the many opportunities to give, 256-549-8377.