GIGI Scholarship recently starts to fund annual scholarships for students at SCSU as a gift to the University. The school expects to earn an average rate of retum of 7 percent and distribute $8,395 annually in scholarships. What was the amount of the gift? Question 11 4 points Save Answer a GIGI Scholarship recently starts to fund annual scholarships for students at SCSU as a gift to the University. The school expects to earn an average rate of return of 7 percent and distribute $8,395 annually in scholarships. What was the amount of the gift