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An important component of the Centennial Campaign is endowment funds for scholarships. The $30 million Campaign seeks to raise $10 million for endowment and of that amount $6 million is earmarked for student scholarships—both merit and financial aid. Financing a college education is a tall task for most families. At Assumption, 75% of students receive financial aid. Assumption’s endowed scholarships provide an opportunity for students to boost their financial aid packages. More than 40 named endowed scholarships have been established at Assumption—a number which increases annually. The creation of an endowed scholarship fund offers a unique way for alumni, parents and friends to perpetuate the positive relationship they have with the College and to have a meaningful impact on the lives of the next generation of Assumption students. Named endowed scholarships require a minimum funding level of $25,000. Based on the College’s current 5% spending rate, this amount will provide at least a $1,250 scholarship each year to a worthy student. Donors may endow the fund immediately with a gift of cash or securities, or make payments over a period of three years. The scholarship may carry the donor’s name or the name of a family member, friend, Assumptionist or mentor he/she wishes to honor. A gift of $100,000 or more enables the donor to designate a scholarship recipient in all four years. A $100,000 gift would provide $5,000 per year and could be split as two $2,500 scholarships or four $1,250 scholarships. Annual Fund gifts of $2,500 or more can be designated as financial aid grants known as President’s Council Scholarships. Granted annually to students on the basis of academic merit, leadership, and demonstrated financial need, these scholarships can also be named either for the donor or in honor or memory of someone.
Emmanuel d'Alzon, founder of the Assumptionists, dreamed of a Catholic university committed to academic excellence and the pursuit of knowledge and truth. In fulfillment of his dream, Assumption College was established in 1904, and remains faithful to its founder's enduring educational ideal. Upon a foundation framed by the liberal arts and spiritual values, the College is devoted to seeking ways to enhance learning in all dimensions of life. Its desire to shape the way students live as well as the way they think is a testament to this goal. Over the years, Assumption has been a fiscally-sound institution, carefully stewarding its resources. Through the astute management of the endowment and through gifts from alumni, friends, and other benefactors, the endowment has continued to increase. Although the endowment now stands at more than $26 million, endowment income provides only 3.57% of the dollars needed each year for the demonstrated financial needs of Assumption students. The College has grown in stature, overcome many challenges, and looks to the future with confidence and pride. We ask you to claim your place in the future of Assumption College. Only through your support of the scholarship funds can worthy students be enriched by an Assumption education. You are the key. Your support will be deeply appreciated by Assumption students of today and of tomorrow.
A gift of Scholarships: A Proud Tradition Establishing a Scholarship Fund Named Endowed Scholarships Augustine Scholarship President Council Scholarships Gifts to support scholarships can be made in a variety of ways. Another way to give is to make the College the owner and beneficiary of a life insurance policy. Its present cash value and all future annual premiums are deductible for income tax purposes. Some donors include a gift for Assumption College in their wills. Others choose to contribute in the following ways: A Charitable Remainder Trust is usually funded with gifts of cash or marketable securities. It provides a lifetime income for you and your beneficiaries. With a Charitable Lead Trust, the trust pays an annuity to the College for a specific number of years, and then the assets revert to the donor's heirs with significant estate and gift tax savings. With a minimum gift of cash or securities, a person can become part of the Charitable Gift Annuity program. Since the College pays a fixed annual annuity at a rate based upon the age of the annuitant, this type of gift is more appropriate for persons age sixty and over. For further information about funding a scholarship for a deserving Assumption student, please contact the Office of Institutional Advancement at Assumption College. Office of Institutional Advancement
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| Last updated May 18, 2005 | ||||||