New Endowment Partners

The Cy-Fair Educational Foundation’s board of trustees took a bold step in April of 2008 creating a solid Endowment Program in order to encourage companies and individuals to establish endowed scholarships for students in the Cypress-Fairbanks Independent School District.

CFEF committed to the goal of adding $200,000 each year in endowed scholarships to the fund, Caldwell said. To date, over $100,000 has been committed by individuals, companies and organizations to the Endowment Program.

Endowed funds are invested in total, and each year only a portion of the invested income earned is spent while the remainder is added to the original principal.  Endowments may be established in the amounts of $20,000, $50,000, $100,000 or more and can be named for private individuals, corporations and organizations, in memory of individuals and in honor of individuals. A scholarship will be awarded on an annual basis once the endowment is fully funded. Donors have seven years in which to fully fund their endowment.

 The following are the Foundations newest Endowment Partners:

 The Cy-Fair Federal Credit Union in Honor of Pat Willbern

 Cory & Kristie Jackson in Honor of Paige and Ashlyn Jackson

 Bridgeland Council, Inc.

 SHW Group, L.L.P

 In Memory of First Lieutenant Jeremy Ray

 The Chun-Cheng Cheng Charitable & Educational Foundation

 PBK Salute to Excellence
Mom’s Club of Cypress- NW/Fairfield

Tommy and Sabra Harrington