A little update. We got some more of the fine details ironed out. We are currently in the process of setting up the endowment. It will take $25,000 before the scholarship can start paying out annually. There are many people that are willing to donate so far and we will be setting up donation channels to help raise the money. The scholarship works by gaining interest, and then paying the scholarship only out of the interest. This means that it will be able to pay year after year and not have a drop in the principal balance. Also, it means the larger the principal (how much in donations we can get) the more the scholarship is able to pay each year. We now are getting to the point where we will need more help from you guys in outlining a game plan for an annual dyno/drag/track day/car show. Donations from individuals help greatly, but if we can set this (track/dyno/etc day) up and make it work it will help us reach the initial endowment goal and then (year after year) help increase the scholarship amount. If you guys want to brainstorm whenever you can on locations, dates, sponsors, venues, events, etc. please do so as the more ideas we can get, the better we can make this. I will update with more details soon. Thanks guys.
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