The Foundation has introduced a special program - Change a Life.
The program will acknowledge significant donors starting at the $2,500 giving level by allowing the donor to have a scholarship acknowledged in an individual's or company name.

Learn more

IDA Scholarship Foundation

1-800-355-4IDA (4432)

Investing in the IDA Scholarship

The International Door Association, in an effort to reinforce the value of education, has established the IDA Scholarship Foundation (501C3). IDA members’ immediate families, employees and their immediate families are eligible to receive monetary awards to be applied toward undergraudate studies with state approved certified universities, colleges, and trade schools.

View the latest Scholarship Investors

 

CONTRIBUTIONS ARE TAX DEDUCTIBLE!

A bequest is a gift you leave through a will or trust.  It allows you to support your charitable interests because you can be sure that your support for intended recipients is continued after your passing while you continue to retain complete control over your assets while you are alive.  You may leave a specific dollar amount, a percentage of your estate, or whatever remains after other bequests, such as those to family members, are satisfied.

If you anticipate that a bequest to the IDA Scholarship Foundation will be greater than $50,000 please let us know so that we can assist you if there is any specific additional language required for your will or trust to properly document your intentions.

There are a variety of ways that you can structure your bequest, including:

  • You can give cash or appreciated stocks.  You may also give certain other assets, subject to IDASF’s advance approval.
  • Bequests to the IDASF earn a charitable deduction on estate tax returns.
  • Some of the most tax-efficient asset types are gifts through your estate from retirement plans, since heirs may pay both income tax and estate tax on the gift, if they were to receive the funds from an IRA or 401(k).
  • You may arrange for your heirs to receive lifetime income from a charitable trust, with the remainder going to the IDASF for charitable purposes.
  • You may wish to consider a charitable remainder trust, which will pay a percentage of the trust’s assets to your heirs each year, with the remainder paid to IDASF.

Next Steps:

  • It is important to leave clear instructions. You may use our suggested language as a guide when naming the IDA Scholarship Foundation as the recipient of gifts through your will or trust.  You are always advised to seek professional and/or legal assistance in properly drafting your bequests, and IDASF’s recommendations and suggestions here are intended only as a guide, and not as legal advise.
  • If you want to create a major gift fund or endowed scholarship, you and/or your professional advisors should contact IDASF to discuss your charitable goals.
  • For retirement assets, simply name the IDA Scholarship Foundation as a beneficiary.

 

 

Sample Bequest for Unrestricted Gift:

I hereby give the International Door Association Scholarship Foundation, Inc. (“IDASF”), an Ohio nonprofit corporation with its principal offices at 28 Lowry Drive, West Milton, OH  45383, (the sum of $_______) or (_______% of the residue of my estate), to be used for its general purposes.

 

Sample Bequest for continuing gift:

I hereby give the International Door Association Scholarship Foundation, Inc. (“IDASF”), an Ohio nonprofit corporation with its principal offices at 28 Lowry Drive, West Milton, OH  45383, (the sum of $_________) or (________% of the residue of my estate), first to continue my support for the IDASF scholarship(s) for which I am sponsoring at the time of my death.  Support shall continue for as long as recipient(s) is/are attending a qualified education program.  Upon the condition that all specific recipients at the time of my death have concluded their qualified education programs, or upon the termination of my prior commitments to said scholarships, all remaining funds shall be distributed to IDASF to provide scholarships for other qualified recipients.

 

Sample Bequest for a gift for a specific use:

I hereby give the International Door Association Scholarship Foundation, Inc. (“IDASF”), an Ohio nonprofit corporation with its principal offices at 28 Lowry Drive, West Milton, OH  45383, (the sum of $_________) or (________% of the residue of my estate), to be sued for the purposes I have designated in writing and delivered to IDASF.  If, in its opinion, the need for funds for the designated purpose no longer exists, IDASF is authorized to use these funds for a similar purpose.

 

 

 

 

Scholarships are awarded per criteria per region per type of scholarship. Twelve regions are each offered a Primary Scholarship and a Secondary Scholarship for Dealer sponsored applicants; two Primary Scholarships and two Secondary Scholarships are offered for Industry sponsored applicants. These awards are given once per year, but a scholarship recipient may reapply each year and receive up to four scholarships.

Learn more about Scholarships

Download the forms you need to apply for an IDA Scholarship. Includes Facts and Criteria, 3-page application, and 3 recommendation forms.

Applications for each year are available by April 1.

Deadline for sending applications to IDA is July 15.

INVEST in the future

You may donate with MasterCard, Visa, American Express, debit card or PayPal account. Download the contribution form or jump right to PayPal to contribute!