Scholarship Fund
Open a Scholarship Fund
The first step in opening a scholarship fund is submitting a completed fund agreement. Scroll down to learn more about scholarship funds or call us at (562) 435-9033 and let’s discuss opening a fund.
Learn More About Scholarship Fund
Fundholder Testimonials
Safe Surrender Scholarship
"It's a program that works - we see the results every day in the smiles of all the children who have been given a second chance at life through the Safe Surrender program."
~ Don Knabe, Former LA County Board of Supervisors
Early Childhood Educator Scholarship
We are excited and relieved to be working with LBCF in managing a scholarship fund. We know that the proper procedure and tax rules are being followed and I found the evaluation process to be very easy. Thank you LBCF for your leadership and execution of our scholarship fund. We look forward to a thriving partnership with you and hope to grow our scholarship to help even more students.
~ Zayda Garcia, Executive Director, The Rudolph J. and Daphne A. Munzer Foundation
Scholarship Fund Overview
Scholarship funds build the community’s future by investing in the education of tomorrow’s leaders. Award payments are made directly to the educational institutions for use by the scholarship recipients.
Scholarships Funds are either restricted or committee advised:
- Restricted
- Created with specific criteria outlined by the donor
- The recipient organization manages the scholarship award process according to the donor’s wishes
- Committee Advised
- Created with specific criteria outlined by the donor
- LBCF or other advisors convene a committee to manage the award process according to the donor’s wishes
- View Safe Surrender Scholarship video
Benefits and Services
- The Long Beach Community Foundation (LBCF) staff has expertise in meaningful scholarship amounts, reasonable selection criteria, and local high school administration.
- LBCF staff works closely with the designated Chair of the donor-selected and LBCF-approved scholarship committee to create and carry out the goals and objectives of the fund.
- Scholarship administration and payment processing are made by LBCF.
- The tax benefit is realized immediately after a contribution is made.
- Scholarship awards are not treated as taxable income to the recipients.
- Fund holder has access to an easy and secure online portal to view fund balances 24/7.
- Fund holders can select an array of investment options that are managed as part of a larger $5 billion portfolio, bringing economies of scale investment results.
- Fund investment oversight is provided on both a local and national level.
- Invitations to exclusive LBCF events with fellow donors, fundholders, and community members.
- Monthly statements show all investment, donation, and scholarship activity.
- Fees charged support philanthropic grants and programs in the Long Beach Community.
Why Open a Scholarship Fund at LBCF?
- No legal liability LBCF remains in full compliance with state and federal regulations.
- LBCF makes a conscious effort to work with Long Beach-based organizations.
- Available option to raise funds through a custom landing page hosted on the LBCF website.
- LBCF is National Standards Accredited which indicates a commitment to excellence and accountability. This is the highest standard for philanthropic excellence.
Complete Fund Agreement
Submit a completed fund agreement or request a fund agreement for electronic signature at info@longbeachcf.org.
Contact Us
Thank you for your interest in a scholarship fund held at the Long Beach Community Foundation. If you are ready to open a fund or need more information, fill out the form below and we’ll get back to you.