Today, many promising students face a difficult decision when their choice to attend St. Catherine University might burden their families with thousands of dollars in debt. Many St. Catherine alumni and friends agree that assisting these worthy students is one of the most rewarding investments they will ever make.
- Endowed scholarships provide financial aid for students (College for Women, College for Adults, and Graduate College programs) into perpetuity. To be most beneficial, language controlling the endowment's distribution should be specific and flexible.
- The donor determines who will benefit: a student in a specific program or major, with financial need or with high academic standing.
Naming a Scholarship
- A donor may establish a scholarship in the donor's name or the name of another individual whom the donor wants to honor or memorialize.
- The donor describes the honoree with words that will live on in the University's history. The honoree will inspire the students who receive the award.
- The University encourages the donor to attach a photo of the honoree, scanned or printed, with the honoree's description.
Funding a Scholarship
- Currently, a gift of $50,000 will endow a named scholarship. Donors may make a one-time or multiple-year gift to achieve the endowment level. Donors may also create or add to named scholarships through estate gifts.
- The University awards the first scholarship one full year after the fund reaches endowment level.
- Currently, a $500,000 endowed fund generates annual distributions that approximate the cost of one year's tuition, room, meal plan, books and fees for one Undergraduate Day student.
- Currently, a $350,000 endowed fund generates annual distributions that approximate the cost of one year's tuition for one undergraduate day student.
- The original donor or others may make additional contributions to an endowed scholarship with lifetime or estate gifts.
- Donor-restricted endowed scholarship funds are recorded as permanently restricted assets of the University.