Endowed scholarships are very often established by a family in the name of a loved one. As with any endowment, the corpus is invested in a special account and remains there into perpetuity. The funds earned annually through the market return are awarded as scholarships to qualified students. Endowed scholarships are a deeply personal way to carry on the legacy of a loved one while providing much-needed scholarship support. For more information about an endowment, click here.