ESTABLISH A FUND
Establishing a scholarship that benefits Melrose High School students for decades to come is a way to create a permanent memory of a loved one or a special event. There are three options for establishing a named scholarship:
An award is defined to be given one time and is funded before the award is made. The deadline for defining and funding a one-time award is March 31st for the following June graduation. All of the funds are given for that year's scholarship and no funds are held back. This option does not earn any interest or dividends.
Defined Annual Fund
An amount is delivered to the scholarship fund by March 31st with instructions on how the funds are to be dispersed over a 2 to 3 year period. At the end of the defined period, no funds will remain unless new funding is received. This option does not earn any interest or dividends.
Permanently Endowed Named Fund
The minimum for a permanent fund is $7,500 and this type of fund will earn interest and dividends that are designed to fund an annual award in perpetuity.
Thank you for your interest in establishing a scholarship fund. Please click the link below to download the application form and additional details for establishing a fund.
The completed form can be sent to the address below or sent electronically by email.
Melrose High School Permanent Scholarship Fund
Attention: Kristen Crovo, Treasurer
PO Box 760695
Melrose, MA 02176