Education Advocacy

NDID Endowment



NDID has established an endowment fund through the NDSU Development Foundation to benefit NDSU Interior Design students.

The NDID endowment is a permanent investment of funds that provides a stable, ongoing source of money for scholarships. The endowment requirement is $10,000.00. NDID contributed $2,000.00 its inaugural year of 2014 and will make a subsequent $1,500.00 payment each year thereafter until the requirement is met. During that time, the NDID endowment will be managed by the NDSU Development Foundation to ensure the highest interest rate is achieved for our money. Once the requirement is met and has matured, the interest will provide for the scholarships. Until that point, NDID will continue to provide one scholarship per year, as has been the practice in recent years, which is separate from the endowment.

NDID is not legally bound to continue with the endowment if circumstances change within the organization. NDID may change the donation amount or cease donations at any time. All that was asked of NDID was to sign a "pledge of intent" so NDSU has a basic understanding of NDID's intentions.

NDID members and the general public are also allowed to make individual donations to the NDID endowment. These donations are tax-deductible.

NDSU charges a 5% operational fee for each gift made to the NDID endowment which will be taken out of any donation either from NDID or an individual/general public. (Example: $100 gift is given - $5 goes for operational fee and $95 goes into endowment.)

Board member, Shelly Richard, will be the NDID representative for this process. If you have any questions or wish to make a donation to the NDID endowment, please contact Shelly - email: shelly@fossarch.com or phone: 701-282-5505
or visit the “Endowment Donation” tab on this website for donation options.

NDID Scholarships:

NDID has over the years provided scholarships to benefit NDSU Interior Design students.

NDID set up an endowment in 2014 which is a permanent investment of funds that provide a stable, ongoing source of money for scholarships. (see NDID endowment tab). Until the endowment reaches maturity and can support the scholarships, NDID will continue to provide one scholarship per year.

The selection of the scholarship recipient will be made by the NDID board. The selection process entails:
·         NDID sets the criteria for the scholarship (same a current practice) 
·         Dec: NDSU emails a notice to the interior design students of available scholarship
·         Jan: NDSU  receives the applications, reviews and narrows down to three
·         Feb: The three applications are forwarded to the NDID board for final review and selection
·         Sept: NDSU financial aid department disburses to recipient
·         April: Recipient (required) and donor asked to attend the HDE annual award brunch and ceremony
 
       
For the NDID scholarship application, see the “Apply for Scholarship” tab on this website.
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