Yes, particularly for academic scholarships. The cost of tuition increases with inflation each year, so more and more students are being pressured into assuming a larger amount of debt through student loans. Students are appreciative of any financial assistance they receive. We encourage donors to consider the cost of tuition, class fees, and textbooks. Annual scholarships and endowed scholarships are created with different ideas in mind.
Annual scholarships are one-time sources of financial assistance.
If funds are available then the scholarship is awarded. A permanent endowed scholarship is in perpetuity, meaning that it funds itself from the interest earned. Yes, the choice is up to you. You can designate your gift to any college, department, program, or any other area of the university you wish to support. We accept cash, appreciated assets, stock, real property, and will work with you on deferred and planned gifts.