While many donors choose to give to the CCS general scholarship fund, the College has dozens of endowed scholarships from foundations, corporations, individuals and families that provide students the opportunity to continue their studies. Donors can make an annual gift to scholarships of any size, and endowed scholarships typically begin with gifts or pledges at the $25,000 level.
- Gifts would be comingled with the CCS Annual Fund which provides scholarships across all disciplines, allowing young artists the opportunity to pursue their studies. CCS will track gifts even though the funds will be part of a larger scholarship fund.
- A named Annual Scholarship would be held by the College in a temporary restricted fund and awarded on an annual basis, pursuant to the donors' directives (to a particular department or specific year(s) student). The scholarship(s) can be awarded in one year, or a period of several years.
- An Endowed Scholarship can be established with a suggested minimum of $25,000. Funds are then invested through the College's investment advisor, and are diversified in approximately eight different investment funds. CCS has an Investment Committee, comprised of a subset of our Board of Trustees. Scholarships would begin to be awarded based on the average earnings after a period of three years, based on the donors directives regarding department, year of school, academic standing etc. The principal of the fund would never be spent, and would exist in perpetuity.
Detroit Dream Scholars Fund
Mitch Albom's new Detroit Dream Scholars Fund provides scholarships for students from Detroit to attend CCS as undergraduates. His newest initiative, the "Detroit Dozen," will provide opportunity to 12 deserving students without financial means. A Detroit Dream Scholarship may be funded for $15,000 per year for four years, or gifts of any size can be contributed to this initiative. Each scholarship recipient is required to create a piece of public art so that their work will benefit the community as a whole.