Donations
Why Donate?
The Mayo Educational Foundation Inc. (MEFI) is a separately-incorporated division of the Southeast Federation of Mineralogical Societies, Inc. (SFMS) It is not financed by the SFMS. Dues paid to SFMS do not help provide scholarships or support the MEFI. It is funded SOLELY by donations and gifts made directly to the Mayo Educational Foundation.
As per the MEFI bylaws, the scholarship grants are paid from interest on the MEFI accounts. The bylaws state: “The principal funds shall not be used for awards.” All donations and gifts to the Mayo Educational Foundation are deposited, and ONLY the interest is used. Thus when interest rates are low, there are less funds available for scholarships.
Your individual or club donations to the Mayo Educational Foundation will enable the Southeast Federation to continue to help deserving earth science students.
All donations are tax deductible
The Mayo Educational Foundation is a 501,(c),(3) tax exempt, not for profit corporation. Donations to The Mayo Education Foundation are gifts of perpetuity and are deposited into trust accounts. The interest earned on these accounts is made available for scholarships awards.
Memorials and Honors
A memorial or honor donation to MAYO EDUCATIONAL FOUNDATION, INC.can pay tribute to or recognize someone special to you or your club. Your tax-deductible contribution also offers help fo deserving college students to further their education in the earth sciences. An appropriate notification will be sent to the person or family you designate, advising them of your thoughtful gift.
*MEMORIALS: Your Gift Memorial provides a thoughtful and dignified means of perpetuating the memory of a friend or loved one.
*HONORS: You can contribute in honor of a loved one, a friend, business associate, club member or club. It is an excellent way to acknowledge anniversaries, birthdays, convalescence, holidays or other events.