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Establishing A Scholarship

The Gift of Scholarship

Charitable giving and the concept of giving back have been gaining public favor in recent years throughout American society. From small personal donations for disaster relief and university alumni funds to great monetary gifts for new concert halls and medical research centers, Americans are pledging their hard-earned wealth to organizations and causes that hold special appeal to them.

So, too, are Greek-Americans. Philanthropy (φιλανθρωπια) after all, is a Greek word. Indeed, the Ancient Greeks were the first to embrace the concept of giving and to recognize the dilemma that faces all givers. As Aristotle wrote in his Nicomachean Ethics more than 24 centuries ago:

Anyone can give money. But to do this to the right person, to the right extent, at the right time, with the right motive, and in the right way, that is not for everyone, nor is it easy. Such goodness, therefore, is rare and praiseworthy and noble.

The Hellenic University Club of Philadelphia Scholarship Program is worthy of your charitable gift. Our organization was founded in 1936 by a small group of Greek-American professionals who set as a main objective for Club members the lifelong pursuit of learning or education. The Ancient Greeks called this pursuit Paideia (παιδεια), and 78 years later, Paideia continues to be the ideal to which our Club is dedicated.

Shortly after establishing the Hellenic University Club of Philadelphia, our founders also set a goal of establishing a Scholarship Fund to assist worthy Greek-American university students with financial need. The first scholarship was awarded in 1939. Today through slow but persistent fundraising efforts our Scholarship Fund has grown to the extent that we now give several substantial grants each spring. Last June, for example, our Club awarded $40,000 in scholarship grants to 11 undergraduate and 5 graduate college and university students.

We are seeking to expand our Scholarship Fund to an even greater extent through appeals to members of our Club as well as to friends and supporters in the Philadelphia area. If you, too, believe in the ancient Greek concept of Paideia, and if you wish to help worthy students further their university studies, we ask you to consider on of the following options:


To establish a scholarship in your name, the name of a loved one, or the name of an organization, plan to give a gift of cash or publicly-traded securities to the Hellenic University Club of Philadelphia Scholarship Fund. Funding for scholarships of $10,000 or more may be made as a single gift or over a five-year period at one of the following levels:

Endowed Scholarship* $50,000

*Provided that the endowment generates sufficient net income to fund the designated scholarship amount. In years when there is insufficient net income, the Donor may direct an alternate disposition of the scholarship awarded. For example, the donor may provide that the amount of the scholarship awarded in that year be reduced to an amount reflecting the available net income of the fund, or direct that the scholarship be awarded only in years when accrued net income is sufficient to fund the full amount of the scholarship. The Donor may also reserve the right, at his or her option, to supplement the income of the endowment in any such year so that the full amount of the scholarship may be awarded.

Ten-Year Scholarship $20,000

Five-Year Scholarship $10,000

One-Year Scholarship $2,000

You may specify the overall requirements for your Named Scholarship (for example, graduate or undergraduate) as well as a specific academic area (for example, the natural sciences, arts, classics, or economics/business).

Agreements for a Named Scholarship are available through the Scholarship Establishment Chair.


This pays the donor (or someone designated by the donor) an income with tax benefits. When the beneficiary dies, the remainder of the trust goes to the Hellenic University Club of Philadelphia Scholarship Fund.


Corporations or institutions frequently offer this type of program in which the Hellenic University Club of Philadelphia could be designated the recipient of your matched gift. Consult your company regarding this giving option.


You may wish to name the Hellenic University Club of Philadelphia Scholarship Fund as a recipient in your will. The bequest may be cash, securities, life insurance (whole or partial), retirement plan policy, artwork, or property. The amount may qualify for one of the Named Scholarships listed above.


The amount remaining after your estate has been settled may be bequeathed in total or by percentage to the Hellenic University Club of Philadelphia Scholarship Fund. Again, the amount may qualify for one of the Named Scholarships listed above.

If you would like more information about the giving options listed above, contact us, and we will be pleased to discuss them with you in greater detail.

• 215-483-7440
• hucphiladelphia@gmail.com
• www.hucphila.org

Or write to us at:

Hellenic University Club of Philadelphia
Scholarship Establishment
P.O. Box 42199
Philadelphia, PA 19101-2199

We will respond to your query promptly and, if you wish, we will meet with you at your convenience.

The Hellenic University Club of Philadelphia is a nonprofit, tax-exempt charitable organization and has a 501(c)(3) status under the Internal Revenue Code. All gifts are tax deductible to the extent allowable by law. Please consult your tax, financial, or legal advisor to assist you in making the choice that is best for you.