Endowed Scholarships


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.

The following are the endowed scholarships available on a limited basis through the Financial Aid Office. All applicants filing the Free Application for Federal Student Aid will be considered for all scholarships for which they may be eligible. A separate application for each fund is not required.

Willam and Jean Alberga Scholarship is awarded annual to a worthy and needy student of outstanding promise.

Assumption College Volunteers Scholarship Fund is awarded on an annual basis to students from Worcester County, Massachusetts.

Pierre B. Aucoin, M.D. Scholarship is awarded annually to students from Dixfield, Rumford, and Mexico, Maine.

Authier-Vallee Scholarship Fund provides tuition assistance to a first-year student from the Springfield/Chicopee, Massachusetts area.

Bro. Robert Francis Beaulac, A.A. Scholarship is awarded annually to a student with demonstrated financial need, involvement in extra curricular activities, especially those of a social or religious service nature.

Omer E. and Laurette Boivin Scholarship is awarded each year to majors in French or Foreign Languages. Preference will be given to students of Franco-American ancestry. If the student is a major in Foreign Languages, French must be the first language.

John L. Bresciani Memorial Scholarship is awarded annually to a student who is the son or daughter of an alumnus/a on the basis of financial need and academic achievement.

Dr. Eugene W. Byrnes Scholarship is awarded annually on the basis of academic merit, financial need, service, and initiative to a student who has excelled in the Natural Sciences.

Christopher R. Caron Scholarship is awarded annually on the basis of academic achievement and demonstrated financial need to a student studying history.

Reverend Gilbert Chabot Scholarship is awarded annually on the basis of financial need and academic achievement to a student studying theology.

Paul N. Chaput Fund is available on an annual basis to students from Salem, Massachusetts.

David L. Christianson Fund is awarded annually based on academic acheivement and demonstrated financial need to a student studying foreign languages.

George E. and Sarah Denomme Memorial Scholarship is awarded annually to a student concentrating in French Studies: Language, Literature, Culture, Philosophy or Politics.

Fr. Louis F. Dion, A.A. Scholarship is awarded annually to a student in the Natural Science program who demonstrates thorough superior academic achievement, strong moral character, and service to the college or surrounding community.

Harry Doehla Memorial Scholarship Fund provides funds annually to students from Fitchburg, Massachusetts and Nashua, New Hampshire.

Dr. Angela Dorenkamp Scholarship is awarded annually on the basis of academic merit and financial need to a senior majoring in English.

The Dougherty/Doyle Family Scholarship in Rehabilitation Counseling is awarded annually to a student who demonstrates honor and dilgence. The recipient will have show a pattern of success achieved through a strong desire to excel and persistence of effort in the major of Social and Rehabilitation Services.

George A. Doyle Scholarship is given each year to a senior Economics or Global Studies major.

Dufault Family Scholarship is awarded annually to one or more students who have completed their junior year and who have demonstrated an interest in the theater arts and/or music.

Dr. George S. Elias Scholarship is awarded annualy based on academic achievement and financial need to a Senior majoring in Social and Rehabilitation Services.

Reverend Joseph S. Fortin Scholarship is available on an annual basis, preferably to a candidate for the priesthood and a resident of Woonsocket, R.I.

George F. and Sybil H. Fuller Scholarship Fund is awarded annually to deserving students on the basis of financial need and academic success.

President Joseph H. Hagan Scholarship is awarded annually on the basis of financial need and academic achievement.

William Randolph Hearst Foundation Scholarship is awarded annually on the basis of financial need and academic achievement.

James G. Lucchese Scholarship is awarded to students on the basis of financial need, whose mother or father is a municipal worker. Preference is given to students from Waltham, Massachusetts.

Raymond J. Marion Scholarship is given annually to the two individuals who, at the end of their junior year, being at class level with 30 courses, have the highest cumulative GPA.

Albert G. Nault Sr. Scholarships One scholarship is awarded to the student who has most improved his or her GPA between the freshman and sophomore years. The second scholarship is awarded to the student who has most improved in science courses between the freshman year and the first semester of the senior year.

Matteo A. Pagano '59 Scholarship is awarded annually to a student with a demonstrated financial need. Primary preference will be given to children of Catholic deacons and secondary preference to a student majoring in Religious Studies.

Dr. Maurice B. Plasse Memorial Scholarship is awarded annually to a senior who has demonstrated excellence, talent and passion for French, Theatre or Television Production.

Clare Racine Reardon Scholarship is awarded to students with financial need who intend to become doctors of medicine.

Hilaire J. Racine Scholarship is awarded annually on the basis of financial need and promising scholarship.

Leo and Madeline Remillard Scholarship Fund assists a student's study in any program in French at the University of Quebec at Chicoutimi, or at another approved institution.

Bertha M. and Elzeard J. Senecal Prize Fund is available on an annual basis to a student from Southbridge, MA.

Joseph E. Sheerin Merit Award in the Study of Classical Languages and Literatures is given annually to a student (or students) who has excelled in Classical Studies.

Charles E. Soule Scholarship in Rehabilitation Counseling is a merit-based award available to full-time students enrolled in the Master of Arts in Rehabilitation Counseling program.

Mrs. Nellie E. Surprenant Scholarship Fund for Orphans is a four-year award based on need and academic achievement.

Rev. Arthur A. Sylvestre Scholarship is available annually to students from St. Martin's Parish in Somersworth, NH.

Ambassador John A. Volpe Scholarship Fund is awarded annually to assist selected students who contribute financially to their own education.

A gift of Scholarships:
When John L. (Jack) Bresciani '72 passed away unexpectedly in 1993, friends and family of the former director of Alumni Relations at the College wanted to recognize his outstanding dedication to Assumption and its Alumni Association. "Jack so thoroughly loved Assumption that I knew right away that we would want to do something in his name at the College," said his mother, Gemma Bresciani. She and her husband, John, knew that a scholarship was what "he would have wanted us to do." The John L. Bresciani Memorial Scholarship was established and is awarded annually to a student who is the child of an alumnus/a on the basis of financial need and academic achievement. "The scholarship will help carry on Jack's name at the College and help other students receive a great education like our son did. And we hope they will love the College the way that he did."

A Proud Tradition
Dr. Angela G. Dorenkamp, professor emerita of English, taught at Assumption College for 20 years. In 1995, she was awarded an honorary doctoral degree from the College. When she retired, her brother, Dr. Robert Donati, wanted to celebrate her passion for teaching and ensure that students with a love for learning would be able to attend Assumption. "Angie has always been an excellent teacher, very interested in her students. She has a real talent for identifying an individual's abilities and having the students utilize their capabilities to their maximum potential. Her unique ability to turn her students on to learning is something that should be remembered in the future." He established an endowed scholarship to which many of Dr. Dorenkamp's friends and colleagues in the community have contributed. "I thought Angie would be happy to have a scholarship in her honor, to know that students could be assisted, in her name, in getting a quality education."

Establishing a Scholarship Fund
Dr. Edward L. Amaral established a scholarship in honor of the late Rev. Gilbert Chabot, A.A. and in memory of his wife, Ellen Mary Cardinal Amaral. The award is for a student studying theology. "I knew Fr. Chabot years ago through a friend who always had wonderful things to say about him. Then one day Fr. Chabot was in my office as a patient, and we renewed our friendship. My wife was planning to get her degree at Assumption before her demise. When Ellen died, Fr. Chabot and I talked a lot; he was very supportive. I visited with him once or twice a week at the Notre Dame home. When he celebrated his Golden Jubilee, I was invited, and I was the only lay person at the celebration, and the interesting thing about it was that it was on my wife's birthday. And then Fr. Chabot died on my birthday. The scholarship just came together naturally. I wanted to honor Ellen and Fr. Chabot; they were wonderful people. The first student to receive the scholarship sent me a wonderful thank you letter, and I met him at an event at the College. When he graduated from Assumption, he sent me another letter to let me know he had been accepted into the seminary."

Named Endowed Scholarships
Dr. Albert G. Nault Jr. '58 wanted to honor his father who was an alumnus of the College. He also wished to acknowledge the College, which had prepared him so well for his successful medical career. Dr. Nault arranged to have two endowed scholarships established, one for the Assumption student whom the College deems to have most improved his or her GPA between freshman and sophomore years. The other scholarship is to be awarded to the student whom the College finds has the most improved performance in science courses.

Augustine Scholarship
Richard Cohen and his wife, Jan, were among the first supporters of the Augustine Scholars Program. They were very interested in the College's effort to foster a greater commitment to scholarly achievement on the part of the students and to enhance the academic culture on campus. Mr. Cohen received an honorary doctorate from Assumption in 1997.

President Council Scholarships
Lionel Lamoureux '68 was one of the original donors to the President's Council Scholarship program. "I count my blessings. I have been very successful, and I wanted to give something back to the College." Although he understands the College's need for funds for buildings and other capital projects, he and his wife, Cynthia, wanted their gift to have a human aspect. "A scholarship allowed us to personalize our gift, to help an individual." He said it was his wife's idea to donate a scholarship. The couple established one scholarship the first year of the program, two the second year, and intend to continue to participate in the program in the future. "My wife stays in touch with our students, sends holiday greetings. We're proud of our students, and we know we're really helping someone complete their education."

Gifts to support scholarships can be made in a variety of ways.
Your outright gift of $20,000 or more establishes an endowed scholarship; $2,500 or more, a President's Council Scholarship. Most donors choose to make gifts by check (cash) or through marketable securities such as stocks or bonds. For gifts of cash, you realize an income tax deduction up to 50 percent of your adjusted gross income with a five-year carryover of any unused deduction. Gifts of long-term appreciated securities are free of capital gains tax and can be deducted up to 30% of your AGI with the aforementioned five-year carryover.

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.

All information is strictly confidential.

Office of Institutional Advancement
Assumption College
500 Salisbury Street
Worcester, MA 01609-1296

508-767-7205
fax: 508-799-4405

 

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Last updated May 18, 2005