Frequently Asked Questions
Q: Who is administering this scholarship?
A: The Samuel Curtis Johnson Graduate School of Management at Cornell University is administering the scholarship in joint collaboration with Luisa's family, Class of 2012, and General Electric. The scholarship fund is managed under the direction of the Alumni Affairs & Development Office and the Dean.
Q: How will the scholarship fund be invested?
A: Because the endowment is Cornell’s financial foundation, investments are chosen with long-term growth and stability in mind. Cornell adjusted its policies in 2000 to increase the number of asset classes in which funds can be invested. As a result, Cornell’s portfolio is more diversified and less exposed to risk while also having more flexibility to take advantage of changing market conditions and capitalize on growth areas. (For more information about Cornell’s endowment, please visit http://www.alumni.cornell.edu/give/docs/EndowmentFAQ_12_Final-4pg.pdf.)
Q: How will future scholarship recipients be selected?
A: Scholarship recipients will be annually awarded to qualified Johnson MBA first-year students who reflect Luisa’s exemplary service-leadership qualities and strong spirit. Preference for the scholarship will be given to minority women who are committed to leadership, diversity, and community service and have demonstrated community involvement. Recipients will be encouraged to be socially responsible members of their communities and to give back to the scholarship fund so that future students will benefit as they have.
Q: What is the plan for the raised funds if the minimum sum of $100,000 is not met?
A: If unforeseen circumstances arise which make the purpose or administration of the Fund no longer feasible, then the payout shall be used to support educational purposes reflective of the original intent in creating it. The Dean of the Samuel Curtis Johnson Graduate School of Management may administer funds as scholarships within the intent of the donors, or those signing may request that the funds be used to pursue space naming opportunities in honor of Luisa M. Velasquez as appropriate and available at the Samuel Curtis Johnson Graduate School of Management.
Q: Are gifts tax deductible?
A: Yes, gifts made to the scholarship fund are tax-deductible to the full extent of the Internal Revenue Code.
A: The Samuel Curtis Johnson Graduate School of Management at Cornell University is administering the scholarship in joint collaboration with Luisa's family, Class of 2012, and General Electric. The scholarship fund is managed under the direction of the Alumni Affairs & Development Office and the Dean.
Q: How will the scholarship fund be invested?
A: Because the endowment is Cornell’s financial foundation, investments are chosen with long-term growth and stability in mind. Cornell adjusted its policies in 2000 to increase the number of asset classes in which funds can be invested. As a result, Cornell’s portfolio is more diversified and less exposed to risk while also having more flexibility to take advantage of changing market conditions and capitalize on growth areas. (For more information about Cornell’s endowment, please visit http://www.alumni.cornell.edu/give/docs/EndowmentFAQ_12_Final-4pg.pdf.)
Q: How will future scholarship recipients be selected?
A: Scholarship recipients will be annually awarded to qualified Johnson MBA first-year students who reflect Luisa’s exemplary service-leadership qualities and strong spirit. Preference for the scholarship will be given to minority women who are committed to leadership, diversity, and community service and have demonstrated community involvement. Recipients will be encouraged to be socially responsible members of their communities and to give back to the scholarship fund so that future students will benefit as they have.
Q: What is the plan for the raised funds if the minimum sum of $100,000 is not met?
A: If unforeseen circumstances arise which make the purpose or administration of the Fund no longer feasible, then the payout shall be used to support educational purposes reflective of the original intent in creating it. The Dean of the Samuel Curtis Johnson Graduate School of Management may administer funds as scholarships within the intent of the donors, or those signing may request that the funds be used to pursue space naming opportunities in honor of Luisa M. Velasquez as appropriate and available at the Samuel Curtis Johnson Graduate School of Management.
Q: Are gifts tax deductible?
A: Yes, gifts made to the scholarship fund are tax-deductible to the full extent of the Internal Revenue Code.