Both endowed and non-endowed scholarships typically are named in honor of an individual, family, organization, or group. This scholarship also may be a way to honor or memorialize an alumnus, faculty/staff member, student, family member, or others who may have a special connection to Moeller High School.
A scholarship can be created using a variety of assets - cash, appreciated securities, real estate or other property that can be liquidated. Additionally, deferred gifts or bequests can also be used to establish a scholarship. Deferred or planned gifts such as bequests, income producing gifts, life insurance and retirement assets can establish an endowment in the future when the gift is received.
The Moeller Scholarship Committee has established a standardized application process for Named Scholarships. All named scholarships are awarded on the basis of application, essay, and financial need. Students are permitted to apply for multiple scholarships. Unless noted, these scholarships are non-renewable. Upon award, the donor is notified of the name of the recipient and is provided with updates on the progress of the student along with an invitation to the annual scholarship breakfast.