[fighting_texas_aggie_band_class_of_1977] Re: Scholarship, moving forward

  • From: "Michael Brown" <dmarc-noreply@xxxxxxxxxxxxx> (Redacted sender "dean.mickey" for DMARC)
  • To: "fighting_texas_aggie_band_class_of_1977@xxxxxxxxxxxxx" <fighting_texas_aggie_band_class_of_1977@xxxxxxxxxxxxx>
  • Date: Tue, 9 Mar 2021 18:18:24 +0000 (UTC)

 My understanding is that there are name changes at each level, but that the 
scholarships presently give out 4% of the endowment, regardless of the name.
So our Sul Ross, if it grows to $30,000, will pay out $1,200 a year.  $40,000 
gets $1,600.  At $49,999, it would give out $1,999.06, but wouldn't become a 
"Rudder" until it hit an even $50k through growth or gifts.

Also remember that there is a "Rudder" level Corps scholarship also, $50,000 
that pays $2000/year.

BSch

  

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