A: That part of an institution’s income that is derived by donations. This can "endow" an activity or process, or be given to others.
A: A sum of money given to a student to defray part or all of the cost of a college education.
A: The Besal Fund is a private entity, in this case a stand-alone, nonprofit organization whose endowment exists for the sole purpose of offering scholarships to high-achieving (merit-based) college students who study lighting sciences.
A: This is an amount of money that is invested specifically to produce income that will be spent in a pre-specified way. This Fund can be incorporated in such a way as to be considered a nonprofit organization. Among other things, this means that most contributions to it are tax deductible.
A: It was created in 1983 to honor the memory of the late Robert J. Besal, a Lithonia Lighting Vice President.
A: Schools are accepted for accreditation as a Besal Fund school by promoting and educating students in the study of light and design. To qualify, schools must submit an application for acceptance that is reviewed and voted upon by the Besal Fund Board of Directors.