Zachary Stoltz Scholarship Fun d
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)
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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.
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 four and one-half percent (4.5%) 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.
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.