Alumni Scholarships are made possible by the support of members, alumni and friends of the Alumni Association. Individuals and corporations can support alumni scholarships in the following ways:
General Fund Scholarships: The Alumni Association General Scholarship Fund accepts donations in any amount. For 2016-2017, scholarships will be distributed by the Association in the amount of $1,000 for both undergraduate and graduate students.
Annual Scholarships: Annual Scholarships are cash gifts made in the amount of $1,000 or greater. For each $1,000 donated, one scholarship is named as desired by the donor. Criteria in addition to the base criteria of the Alumni Association can be assigned to select the winner of the scholarship, as allowed by law.
Endowed Scholarships: Endowed Scholarships exist in perpetuity through investment of the initial gift - with scholarship awards generated from the interest of that principal gift.
The University minimum for endowed gifts is $10,000, which at an estimated 5% interest rate would generate two $850 gifts every three years. A gift of $15,000 would generate one Association Scholarship each year. An endowed scholarship is named in perpetuity as desired by the donor.
Criteria in addition to the base criteria of the Alumni Association can be assigned to select the winner of the scholarship, as allowed by law. In the case of gifts which would generate five or more awards each year, an independent selection process administered by the Alumni Association would be considered.