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Zachary Stoltz Scholarship Fund

Zachary Stoltz Scholarship Fund

Established: Unknown


Official Name: Zachary C. Stoltz Scholarship Endowment

Benefactor: Clemson University (Epsilon Upsilon)

Permanently Restricted Endowment Corpus: $12,000.00 (7/1/16)

Spendable Balance: $2,016.41 (7/1/16)

 

 

Statements:

2016 Annual Statement

History of Endowment
The Stoltz Family has established this Endowment as a memorial in the name of their late son, Zachary C. Stoltz, Epsilon Upsilon '09, as a benefit to undergraduates of the Epsilon Upsilon Chapter at Clemson University.

Criteria Restrictions
The Alpha Sigma Phi Foundation reviews each endowment fund annually and makes available a percentage of the fair market value of the Chapter Fund's assets to be distributed during the subsequent year, which is presently five percent (5%) of the rolling five-year average of the market value of the endowment at the end of the previous fiscal year.

Distributions will be used only for purposes consistent with the Foundation's tax-exempt status under section 501(c)(3) of the Internal Revenue Code as determined by the Foundation.

Selection of recipients will be determined by the Fraternity Headquarters staff or a Scholarship Committee appointed by the Fraternity President & CEO.


Endowment Restrictions
The Endowment's distributions shall be utilized exclusively for the following purposes:

To provide funds for academic and/or needs based scholarships (partial or full) for qualified members currently enrolled as full-time undergraduate or graduate students. Preferential consideration will be given to qualified undergraduates in good standing from the Epsilon Upsilon Chapter at Clemson University.

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