Expendable: Nancy Ottoboni Expendable Scholarship for Catholic Education

46481-FINAID-FAUG Setting up 2 funds one is an expendable which will receive $4,000 a year for 5 years and the other is an endowed fund both name the Nancy Ottoboni Scholarship for Catholic Education. Donor made a pledge for $100,000 with an additonal $20,000 at a later date. $4,000 of the $20,000 annual pledge payment will go towards the expendable and the remaining $16,000 to the endowed fund.