The Albany Public Schools Foundation manages over $3.5 million in endowed funds established through bequests, memorials, or living legacies in support of students in Albany. While most endowed funds are created to provide scholarships for graduating seniors, a donor may choose other criteria for their endowment with the Foundation. Primary needs include but are not limited to: scholarships, student assistance (low-income), suicide prevention, and K-12 enrichment opportunities.
An endowed fund is an invested pool of money which earns income that the Albany Public Schools Foundation uses to further its mission of supporting Albany students. As the donor, you choose the purpose of your endowed fund. The Foundation manages the fund and is the vehicle through which your passion for helping kids is realized.
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As the donor, you may designate your fund for a named scholarship, specific Foundation program, or for use where the need is greatest.
You can establish a fund either with a direct contribution during your lifetime, through a legacy gift, or both. A minimum initial gift of $25,000 in cash, appreciated securities, or other real property is needed to endow a fund, but you may start with a smaller amount and make plans to grow it into an endowment over a five-year period.
Fund distribution example:
APSF bases its fund distribution on a 36-month rolling average of the fair market value of the fund. For example: A mature endowed fund of $50,000, at a 4% distribution rate, would grant or award $2000 annually based on investment income. Distributions come only from the endowment’s investment income and never touch the initial fund amount to ensure that the endowment will continue in perpetuity. New endowments typically take a few years to generate enough investment income for distribution.
Many donors choose to name their fund with their or their family’s name or as a memorial to a loved one. If you wish to remain anonymous, we suggest you select a name that reflects your fund’s charitable interest. We will protect your identity, if you so choose.
Once you complete and sign your fund agreement, we will begin serving your charitable objectives, ensuring that your wishes are met in perpetuity. We will send you yearly updates on grants or scholarships made from your charitable fund to help you keep track of your fund and the grants or scholarships made from it.
If you don't have the minimum $25,000 you can set up a Pre-Endowment account and save towards $25,000. Contact us to find out how.
Contact us today to get started on your endowed fund!
Executive Director | executive@albanypsf.org
Office Phone: (541) 979-2773
Albany Public Schools Foundation | PO Box 1772, Albany OR 97321
Information for your Financial Advisor
Securities Transfers to Albany Public Schools Foundation
DTC Number: 0057
Account Number: 8680307611
Taxpayer ID Number: 93-0881300
Our Broker: Edward Jones, Christopher Scariano, 800-253-2365
Supports a deserving AOS Students, with severe financial need and/or challenges, as they prepare to matriculate to a post-secondary college or trade school.
This scholarship is awarded to a student graduating from West Albany High School with the Best Attendance.
This scholarship award is for a student majoring in education or a STEM related field at an Oregon college or trade school.
This scholarship is awarded to the applicant with a GPA of 3.0, financial need, and work experience and/or community or school service.
This scholarship is awarded to the applicant with the highest GPA, who enrolls at Oregon State University, and who has lettered in a sport at WAHS.
This scholarship is awarded to students from WAHS and SAHS who plan to go into a healthcare-related field.
This scholarship is awarded to a SAHS graduate who is a good scholar with diligent work habits and a variety of interests.
This scholarship supports a student pursuing a degree in education or youth development.
This scholarship is for tuition, books and fees for a graduate of AOS, SAHS, or WAHS studying in a field related to electrical work.
This fund supports equitable opportunities for low income kindergarten thru 6th grade students.
This scholarship helps support a student with financial need going into a science, technology, engineering, arts, or math-related field with a GPA of 3.5 or higher.
This fund helps offset the cost for GAPS students to attend the Mid Valley Band Camp, held each summer at West Albany High School.
This scholarship is awarded to a graduate from AOS, SAHS, or WAHS who attended Periwinkle Elementary School for at least two years.
This fund supports the Foundation’s operations and programs.
This fund supports the music programs at WAHS and Memorial Middle School, and to support Peely’s Teacher Supply House.
This scholarship is awarded to an AOS or WAHS student pursuing a degree in education or law enforcement.
This fund supports students graduating from Albany high schools.
This fund supports postsecondary scholarships and K-12 support for low-income students.
This scholarship is awarded to a graduate of West Albany High School with an accumulated GPA of at least 3.5.
This scholarship supports graduating students who are or have been in foster care. Priority is given to students who were in foster care at age 14 or older.
Funds water safety for all 3rd and 4th grade GAPS students.
This fund helps support scholarships for graduates of Albany high schools.
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