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How do you compute the value of a college education? Is it measured simply by a graduate’s increased earnings? What about a graduate’s impact on his or her family and community? Perhaps, because it is positive in so many ways, both tangible and intangible, the value of an education is so great that it cannot be calculated. However, this much is certain: to realize this value, college students need financial resources.
Since over 90 percent of students at McMurry receive some form of financial aid, the need for scholarship assistance is great. And without scholarship funds, a college education would never become a reality for many of our students.
Types of Scholarship Funds
There are two types of scholarship funds: annual and endowed. Annual scholarship funds are typically distributed the year they are received by McMurry, or the following year. They are usually unrestricted and underwrite an existing scholarship program
at the University. For larger annual donations, a scholarship agreement can be created that allows you to stipulate the qualifications of the students receiving the funds.
An endowed scholarship fund provides scholarships year after year from a portion of the fund’s earnings. By providing at least $25,000 in funding, you can create an endowed scholarship fund, with the option of taking up to three years to contribute the minimum funding requirement. Also, in the endowment agreement, you can specify grade-point average, major, or other criteria that a student must meet in order to receive your scholarship.
How to Help
You can experience a personally satisfying return on your investment by providing scholarship funds. By doing so, you will create a lasting legacy, not only in your own life, but in the lives of the students you help and in the lives of countless others their lives will touch.
Please contact us to learn about funding alternatives (cash, marketable securities, planned gifts), the process involved in creating an endowment (agreement terms, signing ceremony), naming options (your own, a business, a loved one, or a favorite professor) and donor benefits (personal satisfaction, reports, interaction with scholarship recipients, scholarship donor recognition society).
We are here to answer your questions.