The NDU Foundation Board of Directors recently changed the 20/20 Scholarship Fund to the NDU Memorial Endowment in order to allow it to accept donations from members.
The NDU Memorial Endowment will accept donation of any amount given as a memorial gift or in recognition of a significant life event. The principal of the fund will be maintained as a permanent endowment as provided under the policies of the Foundation and the North Dakota State Prudent Management of Institutional Funds Act.
The earnings of the fund will be distributed by the Board of Directors of the NDU Foundation as part of its program of grants and scholarships.
The fund was originally established during the 20th anniversary year of the Foundation with $20 donations from members.