What is an endowed scholarship?

An endowed scholarship is a type of scholarship that is funded through a donation or endowment, often established by a generous donor or organization. The donation is invested, and the returns from the investment are used to fund the scholarship on an ongoing basis.

Endowed scholarships are typically created to support students who demonstrate financial need, academic achievement, community involvement, or other specific criteria. The amount of the scholarship award can vary based on the size of the endowment and the specific guidelines set by the donor.

Endowed scholarships can provide valuable financial support to students, helping to offset the rising costs of higher education and make college more accessible to a wider range of students. These scholarships also help to honor the legacy of the donor by supporting future generations of students in achieving their educational goals.