Scholarship drive: The Promise of Tomorrow
The Promise of Tomorrow
From M, spring 2005
Scholarship Drive Going Strong
Through December 2004, the University raised $56 million for student support as part of its Promise of Tomorrow Scholarship Drive. This is more than one third of the $150 million that the University has targeted for the drive, which has a goal of increasing by 50 percent the number of students receiving privately funded scholarships. Alumni from every University college and campus have responded.
President's Scholarship Match
Alumni are maximizing their gifts for scholarships through the President's Scholarship Match, launched by President Bob Bruininks as part of the scholarship drive. Through this special opportunity, the impact of new endowed scholarship gifts of $25,000 or more is doubled by matching the income drawn from the endowment. With a 5-percent payout on an endowment fund, a $25,000 gift would generate $1,250. With the match doubling this payout, $2,500 would be available to students every year.
Gifts may be made by individuals or groups, and many new endowed scholarships have been created by family members, classmates, or friends coming together to make a gift that will qualify for the match. One example is the Trumm family of Alexandria, Minnesota, which established a scholarship in honor of William Trumm, '42, who passed away last year. The scholarship will benefit students who are interested in practicing rural pharmacy.
You can do the same with a gift to any college or program you'd like to support. To make a gift:
- Use the gift envelope enclosed in this issue.
- Call 612-624-3333 or the development office on your campus.
- Visit www.giving.umn.edu