About the fund

History of the fund

The Saraswati Fund was founded in 2002 with a hope that long-term investing and patience will provide a healthy endowment to assist students and families in the pursuit of educational opportunities that would otherwise cause serious financial strain.

The term 'Saraswati' derives from Hindu Mythology. Saraswati is the goddess of knowledge and has been represented as a river, speech, and as a goddess. As a river Saraswati was seen as a provider, one that enriches the land around it allowing it to produce. As speech, Saraswati is associated with poetry, literature, rituals, and communication. And as a goddess, she is the goddess of knowledge; a provider for the mind.

You can learn more about the mythology of Saraswati at these sites: 1, 2.

Mission

The purpose of this fund is to provide economic support to individuals and families who have significant financial need in pursuit of educational goals and academic preparation.

Board

Currently, Brian Nosek and Bethany Teachman serve as joint directors of the fund. When the endowment reaches $50,000 and begins to distribute scholarships, a small group of donors will manage administration of the financial awards.

Affiliation

The Saraswati Scholarship Fund is a member of the Charlottesville Area Community Foundation. This foundation provides resources and expertise in financial management for individuals or groups who would like to establish charitable funds. They also provide other services are are host to many worthy charitable funds, mostly focused in the Charlotteville area, but with an international reach.

This fund is a member of the Charlottesville Area Community Foundation.

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