THE DONOR’S NAME OR OTHER CHOSEN TITLE

SCHOLARSHIP / FELLOWSHIP FUND

(Scholarship / Fellowship Endowment for Graduate / Graduate Professional / Medical Students in the School of _____, Graduate School, Graduate School for Studies in _____)

This fund agreement sets forth the intentions and understandings of Donor name(s); should match signature line (the “Donor” / “Donors”) and Duke University (the “University”) for use of a charitable gift from the Donor / Donors or other contributors to the fund created herein as detailed in the attached Schedule A.

All gifts received by the University for the purposes outlined in this agreement shall be held in an endowed fund and may, for investment purposes, be merged with the general investment assets of the University. This endowed fund shall be entered in the University’s books and records as The Donor’s Name or Other Chosen Title Scholarship / Fellowship Fund (the “Fund”). The Donor / Donors and others may make additional contributions to this Fund. The Fund and distributions from it shall be managed and administered in accordance with the policies and procedures of the University and the laws of the State of North Carolina then in effect at the time of distribution or other action and as may be amended from time to time by the University or the State. Pursuant to such policies and procedures, the University may assess reasonable charges against the market value of and/or the distributions from the Fund to help defray the direct and indirect costs associated with the investment and administration of the Fund and programs supported thereby, including but not limited to, development, facilities renewal and general overhead support. If matching or challenge funds become subsequently available, new gifts may qualify to be matched.

Distributions from the Fund shall be used to provide whole or partial scholarships / fellowships to graduate / graduate professional students who are, or shall be at the time of receipt of this scholarship / fellowship, enrolled in the School of _____, Graduate School, Graduate School for studies in the Department of _________ at Duke University. Expenditures shall be made at the discretion of the Dean of the _________ School in consultation with the Chair of the Department of _________, Director of the Master of Arts in __________ Program at Duke University. Fund distributions not expended in any given year may be (1) accumulated and used in subsequent years for the purpose set forth above, or (2) added to the principal of the Fund. Until the book value of the Fund principal reaches the minimum funding level necessary to establish an endowment for the purposes set forth herein, such minimum to be determined by the date the Donor signs / Donors sign this agreement (the “start date”), Fund distributions shall be added to the principal of the Fund. If the book value of the Fund does not reach the minimum funding level within five (5) years of the start date, the Fund will be closed and all of its assets transferred to an existing endowment for that college, school, department or program.

If, at some future time, the use or purpose for which this Fund was created no longer exists, or the use or purpose has become unlawful, impossible to achieve, impracticable, or wasteful, as determined by the University’s Trustees, then at the direction of such Trustees and guided by the laws of the State of North Carolina then in effect, distributions may be used for a substantially similar use or a purpose consistent with the objectives of Duke University, giving due consideration to the Donor’s/Donors’ original intent as expressed in this instrument.

_________________________________________	Date______________________

Donor Name

_________________________________________	Date______________________

Second Donor Name – if multiple donors

DUKE UNIVERSITY

By_______________________________________	Date______________________

Laura McAndrew

Associate Vice President and Associate Treasurer

Schedule A

THE DONOR’S NAME OR OTHER CHOSEN TITLE

SCHOLARSHIP / FELLOWSHIP FUND

(Scholarship / Fellowship Endowment for Graduate / Graduate Professional / Medical Students in the School of _____, Graduate School, Graduate School for Studies in _____)

Gift Description*	Amount	Date Paid By
Gift description – e.g. Outright gift, Pledge payment, X shares of stock of ABC Co. (estimated value), Non-binding intent, etc.	$ $ Valued at $	12/xx/xxxx or 6/xx/xxxx
TOTAL
* If there is a possibility that payments may be made to this endowment by a donor advised fund or private foundation, donors are urged to consult with legal and/or tax counsel.