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.
1 Scholarships are then awarded by drawing from the interest earned on the principal, and any remaining interest is reinvested to grow the principal and the balance that can be awarded for future scholarships. 2  As a reference point, a scholarship awarding $1000 per year may need an endowment fund of $20,000-$25,000. 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.