The Foundation for Excellence Fund of the Ferris Foundation is hereby established. The purpose of establishing this Fund is to offer additional opportunities for financial assistance to exceptional and outstanding students beginning or continuing their studies at Ferris State University. By its execution of this agreement, the Ferris Foundation acknowledges that any property that may be contributed to the Fund shall be held by it pursuant to the terms of these guidelines.
The Fund shall be maintained as an endowment. The principal of the Fund shall be preserved and the investment proceeds only, as defined by the Foundation's investment and spending policies, shall be used for the support of the Foundation for Excellence Scholarships at Ferris State University.
The following criteria shall be used to select recipients of The Ferris Foundation Opportunity Endowed Scholarship:
For additional information, please contact Kim Erickson at (231) 591-2365 or email@example.com.