Legacy Funds

Develop A Long-term Source Of Constant Sadaqah

What is a Legacy Fund?

Families have always looked for opportunities to develop a long-term source of constant sadaqah (a continuous charity). In the past, scholarships for students have been a fantastic tool to accomplish this as they help energize students and help them pay for their education. Families know that once students graduate, they will be able to support their families and give back to the community, thus giving a source of constant sadaqah.


However, with the ever-increasing cost of tuition, the scholarship model  has limitations as it will require ongoing funding to keep the family fund alive. If the funding stops, the family fund ceases, and the legacy will end. ACC suggests a different, longer-lasting, self-sufficient model: the interest-free loan model. The loan model will ensure that the funds are not depleted over the years but instead continue to increase and grow over the decades.

A Practical Example

What ACC Can Offer?

We will screen applicants according to our current guidelines, interview them, and, most importantly, manage their loans. We will provide the family with financial and biographical reports on each recipient we choose. As the funds are repaid, they will be returned to your family’s specific fund to be re-used by future students. You will witness the fund grow and benefit multiple students from generation to generation, adding to your family’s legacy.


In addition, we have an almost 100% ACC Alumni donation rate. This means that recipients who graduate from our program feel the need to donate because they have experienced first-hand the benefit of our charity and want it to continue growing and benefiting others. All of the donations from the future alumni of your fund will be placed in the family fund to make it grow even more significant and help more students.

Schematic Explained

The schematic will show how the funds are used in a loan-based model vs. a scholarship model. In this example, we will start at $50,000 of donations given by your family. In the scholarship model, we can safely state that once the $50,000 is given out as scholarships, we have reached our maximum benefit as no more money is left. Your family will have to raise funds each year to sustain this model.


  • Since ACC’s contract is four years in length, that means the $50,000 given in 2016 will be returned entirely by 2020
  • Therefore, on average, $12,500 will be returned each year from the 2016 recipients until 2020. 


  • So, in 2017, we will have $12,500 of loan repayment from the 2016 recipients.
  • If your family could raise another $25,000, then we would have a total of $25,000 + $12,500 which totals $37,500 available for loans.


  • So, for the 2018 recipients, we will have the combined total of the loan repayment from the 2016 and 2017 recipients plus whatever is raised from your family.


  • The same will apply for 2019 and 2020 as per the schematic. The key point is that there will be a point in which the model becomes self-sustaining so that no more donations are needed, and your family can focus on other more significant and vital issues.

As you can see, over four years, the amount loaned continues to grow. As more loans are returned, more loans can be given, thus helping more students than a scholarship model. The critical point is that this self-perpetuating cycle can be sustained without further donations.

Quick Donate


Where can we designate your gift?