Creating a Student Scholarship
Scholarship support makes a critical difference to deserving students who could not otherwise fulfill their dreams of earning a college degree.Today, half of UWSP students are the first in their family to pursue a college education and more than 72% of our students receive some form of financial aid. Tuition increases and cuts to federal and state aid have tremendously increased the need for scholarship support.
Our ability to offer generous scholarships helps to recruit and retain the most promising students while providing an investment in our students' futures as they prepare to become trailblazers, not only regionally, but throughout the world.
Establishing a scholarship endowment ensures that a transformational UWSP education will be accessible to outstanding and deserving young people for generations. It's also a very meaningful way to honor family, friends and faculty.
Many generous alumni and friends contribute to enhance the impact of any of our existing scholarship funds. Each department and many emphasis areas have established scholarship funds making it easy to invest in student success. Gifts can be made in honor, memory or celebration of an individual, experience or milestone.
Annual named scholarships can be established with an outright gift. Unlike an endowed scholarship described below, an annual scholarship is not a permanent fund and is awarded only as long as contributions are made to the fund.
Endowed scholarship funds are designed to be permanent and perpetual. Investments in endowed scholarships can be contributed in full at the outset or with an initial commitment that is added to over time. The principal of the fund is invested with other UWSP Foundation assets to produce income, and annual awards are made to students.
Frequently Asked Questions
What are the tax benefits of funding a scholarship?
An outright gift in the form of cash or appreciated securities will allow you to receive immediate tax benefits in the year you make the gift to the UWSP Foundation.
You may also provide for your scholarship in your estate plans. Estate gifts or planned gifts are an easy way to establish a scholarship without affecting your current income or assets.
How are scholarships named and how is the selection criteria established?
You can establish a scholarship in your own name or choose to name it for a friend, family member or a favorite faculty member. Our Development Director will work with you to draft the criteria according to your intentions of the scholarship.
How are scholarships awarded?
Scholarships are typically offered through individual departments, or program areas. A selection committee carefully reviews each application and selects the most deserving recipient(s) per the donor’s selection criteria.
Will I receive notification when a student is awarded the scholarship?
You will be notified annually when the scholarship recipient(s) has been selected. Further, you and your scholarship recipient will also be invited to a scholarship reception, typically held in spring.
For more information or to establish a scholarship please contact:
Vice Chancellor for University Advancement Phone: email@example.com