Scholarships may support any level of education and can benefit students attending a particular school, studying a particular field or living in a certain geographic area.
Scholarship funds are endowed. You receive an income tax deduction when you open a fund and when you make additional gifts. Berkshire Taconic invests the funds, provides record-keeping services and can work with you to set up criteria and establish a committee to oversee a competitive award process.
Minimum to establish a scholarship fund: $25,000
To learn more about scholarship funds, please contact Maeve O'Dea, program director, at 413.229.0370 or email@example.com.
View a list of our scholarship funds.
InvestmentsOur Investment Committee meets at least four times a year and monitors all investment activity. Our administrative staff, led by Jill Gellert, director of finance and administration, provides day-to-day oversight.
FeesEach fund pays an administrative fee, which help support our wide range of services and community work. Administrative fees are charged quarterly based on the average daily balance of the fund (minimum fee is $125 per quarter).
The administrative fees for scholarship funds are:
2.0% per year on portion up to $250,000
1.75% per year on portion $250,000—$1 million
1.0% per year on portion $1 million—$3 million
0.75% per year on portion $3 million and above
To talk to us about starting a scholarship fund, contact Maeve O'Dea, program director, at firstname.lastname@example.org or 413.229.0370.