Michael Carpenter
In Memory of Michael Carpenter
Michael Carpenter passed away on the morning of June 24, 2022, in a plane accident near Logan, UT. He leaves behind many family members and friends who cared so much for him. Michael was passionate about flying and was set to graduate from Utah State University this fall. He was an active member of the Utah National Guard. He had an adventurous soul and loved being in the outdoors. He would often give you two thumbs up and ask, "What's next?" You could always count on him to make you laugh. He was a loyal son, brother, uncle, and friend.
In honor of Michael, family and friends are establishing the Michael Carpenter Memorial Scholarship Endowment in the College of Agriculture and Applied Science. The scholarship will support students in the Aviation Technology program.
How to Give
Michael Carpenter Memorial Scholarship Endowment
Online:
Credit, Debit, PayPal, Venmo or Bank Transfer
Mail:
Utah State University
Michael Carpenter Memorial Scholarship Endowment
1590 Old Main Hill
Logan, UT 84322-1590
Make checks payable to "Utah State University."
Phone:
1-888-653-6246
Stock or Wire Transfer:
Contact Brandon Monson at 435-754-6067 or brandon.monson@usu.edu for instructions.
The income of the endowment will be used to support yearly scholarships for students in the Aviation Technology program who have a financial need. Your gift will be used only for the stated purpose if the required minimum for an endowment is met by June 30, 2027. If not met, the gift will be considered expendable towards the stated purpose. By donating, you recognize that future unforeseen circumstances may alter or remove the purpose for which the endowment was established. In such an event, the Unit Administrator, in consultation with USU’s President, shall direct that the principal and income of the endowment be devoted to purposes that they deem will be most consistent with the original purpose of the endowment.
The Endowment will exist in perpetuity. If circumstances arise that render the stated purpose of the Endowment (as set forth herein) illegal, impractical, impossible, or wasteful (e.g., a change in law, the elimination of a USU program, position, or course of study, the persistent unavailability of scholarship recipients that meet the criteria, etc.); then, as set forth in this Solicitation, under such circumstances and in keeping with Utah Code 51-8-501(1), USU may designate a new purpose and/or scholarship selection criteria for the Endowment. Any such new purpose shall be defined by USU’s President and Dean of the College.
The Endowment shall be deposited and invested by the Board of Trustees of USU, through the USU Investment Advisory Committee in accordance with USU’s investment policy. The USU Foundation is the legal entity designated by USU to receive charitable gifts in support of its academic mission.
Distributions from the Endowment shall be governed by USU’s Endowment Spending Policy. The spending policy calls for an annual distribution up to 5% (currently set at 4%) of the value of the endowment account to be expended per the gift agreement. An additional 1.5% of the endowment value shall be used to fund the administration of the endowment and USU advancement efforts. All additional gains shall be retained as appreciation and invested along with the corpus to grow the value of the Endowment over time.
By letter dated May 21, 2008, the Internal Revenue Service has declared the USU Foundation (federal tax identification number 87-0627128), to be a duly qualified charitable organization under section 501(c)(3) and also an organization described in sections 509(a)(1) and 170(b)(1)(A)(iv) of the Internal Revenue Code. The Foundation is a duly chartered active Utah nonprofit corporation, under the provision of Utah Code, Title 16, Chapter 6a.