All,

Two questions:

1.  We are trying to see what other Foundations are doing regarding assessing fees on both pass-through and the creation of endowed scholarships.  Do you charge a percentage of the scholarship to cover admin. costs?  

2.  Does anyone have a formula you follow for how to handle the interest that an endowed scholarship accrues.  For example:  an endowed $25K scholarship usually throws off a $1,000 scholarship which is 4% of the endowment.  However, we have historically been making over 4% returns on our investments - do you take any % annually to cover overhead?  - do you roll the remaining to the corpus or keep some as a cushion for next year?  

Thanks,
Teresa