Q: I hear people talk about using AUM calculations in their management of range and pasture. A: An AUM is an Animal Unit Month. An animal unit month is a method used to give an estimate of how much forage is being eaten by a defined animal in a month.
A school administrative unit, or a publicly supported secondary school, may request scholarship funds on behalf of its teachers who meet the requirements. In fiscal year 2015-16, the department shall allocate $75,000 to the scholarship fund.
Determine the duration of the award. Some scholarships make a one-time award to one or more students, while others offer them support for multiple years. In addition, scholarships may be awarded only during one year, or they may become an ongoing program with application cycles each year, or on some other set cycle. As a reference point, a scholarship awarding $1000 per year may need an endowment fund of $20,000-$25,000. 2  If you choose to create an endowed scholarship, you should talk to a trusted investment broker about creating a sustainable plan for the scholarship.