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Supporting Alabama State University’s Trust for Educational Excellence is one of the most significant ways you can give to the university. The Trust was established in 1995 in the Knight vs. State of Alabama remedial decree.
The Trust is funded by an annual payment of $1 million from the Alabama Special Educational Trust Fund, and an additional sum of up to $1 million matched by gifts, grants and contributions to the Trust by alumni, foundations, associations, estates and other sources. The annual payment and matching grants were for a period of 15 years through the year 2010.
Monies received by the Trust are required to be maintained in perpetuity as the corpus of the trust with at least 25 percent of annual income to be reinvested in the corpus. The 75% of the interest not required to be reinvested is used to grant academic scholarships at ASU based on the following areas:
Donors to the Trust may establish their own named scholarship according to the following minimum donation guidelines:
Trust for Educational Excellence
Office of Development
P.O. Box 271
Montgomery, AL 36101-0271