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Foundation
Ruritan National Foundation
(continued)
The Cornerstone Fund
A cornerstone fund is established by a contribu‑
tion of $5,000 to the Foundation. Contributions to the
cornerstone fund can be of any amount and additional
funds may be contributed at any time. Once $4,500
has been contributed, upon written request submitted
to Foundation, an additional $500 will be added to the
fund bringing it to $5,000.
The Virginia Tech Memorial Scholarship
Fund has been established in memory of
those persons who lost their lives from the
shooting rampage on Virginia Tech campus in
Blacksburg, Virginia, on April 16, 2007, and in
honor of the entire Tech family, the Blacksburg
community, the Commonwealth of Virginia,
colleges, universities, and secondary school
system from across the United States of
America.
Scholarship grants will be awarded annu‑
ally from the previous fiscal year’s earnings
derived from this fund to individuals who have
been accepted for enrollment at Virginia Tech
and whose educational grant application has
been submitted by a Ruritan club. Foundation
Trustees will make the selection of awarded
grants.
Virginia Tech
Memorial Scholarship Fund
The Ruritan National Foundation 21st Century
Legacy Fund is a new plan to provide opportunities
to grow our scholarship funds. This plan allows any
Ruritan member to leave funding to assist in the
education of our youth. By participating in this plan,
Ruritans will leave a legacy of “love” to children,
grandchildren, great grandchildren, and others.
Donated funds may begin with any amount. Once
the donations have reached $2,000, a one-time
$100 Foundation addition will be added upon written
request. Then other opportunities will be available
such as “rolling” this amount into a Cornerstone
Fund.
A Legacy Fund may be named in honor of a
friend, relative, or an institution. A special lapel pin
will be given to the Legacy Fund donor.
21st Century Legacy Fund
Friend of the Foundation Fund
A Friend of the Foundation Fund is established by
the request of the donor when a permanent fund bal‑
ance is $10,000. These funds will provide a scholarship
annually for 10 years equal to 5% of the fund balance.
The club designated will submit from two to five ap‑
plicants to the Foundation and the Trustees will select
the student to receive the scholarship. At the end of
10 years, the donor can ask for up to two extensions
of 5 years each.
Special Permanent Funds
Special Permanent Funds are established with do‑
nations totalling $20,000 or more. Grants made from
Special Permanent Funds may include reasonable
donor restrictions. For example, if requested by the
donor, funds may be disbursed in a certain geographic
area or limited to certain fields of study. The specific
terms and conditions for these funds are established by
an agreement between the donor and the Foundation.
Tom Downing Fellow
The Tom Downing Fellow is a great way to
honor an individual. The Tom Downing Fellow
is made with a single, lump sum contribution
of $500. The contributor must state when the
contribution is made that it is for participation
in the Tom Downing Fellow Program. A unique
lapel pin designed in the likeness of Tom Down‑
ing (one of the co-founders of Ruritan) and a
plaque will be presented to the person desig‑
nated by the contributor. Once presented, the
pin or designation as a Tom Downing Fellow
is non-transferable and will be a lasting honor
to this individual. All funds for this program are
credited to the Tom Downing Fellow Fund.