Access & Success Campaign
This year, the Purdue family, and thus our School, has been presented with an amazing opportunity and challenge. Generous donors contributed $5 million dollars to match gifts that establish scholarship endowments for merit-based scholarships designed to attract exceptional students with high academic potential to Purdue University.This challenge match allows any donor to establish a scholarship endowment that will support high achieving Aero/Astro students. Once an endowment account receives gifts of at least $25,000, a distribution of an equal amount will be deposited into the endowment account, which would in turn double the annual scholarship award to a student. As you know, endowed scholarships remain in perpetuity, grow over time and help Purdue recruit and retain the best and brightest students. Increasing the number of endowed scholarships is necessary for the School to remain competitive with our peers.
Briefly, gifts must be cash or appreciated assets and can be pledged over a period of up to five years. Each donor can create his/her own giving schedule to fund the endowment. Donors can name an endowed scholarship in memory of someone such as a relative or perhaps a favorite professor. More common is to name the endowed scholarship in your name (i.e., FIRST NAME LAST NAME Scholarship in Aeronautics and Astronautics).
This is a wonderful opportunity that will have a significant impact on the School of Aeronautics and Astronautics and most importantly, the students we strive to educate and prepare to be tomorrow’s leaders in aerospace and their careers. These matching funds are available across the university until such time that the $5 million dollar match has been exhausted. We would like to ask our Aero/Astro alumni and friends to help the School take a lead in this challenge.
To honor alumni and friends who establish a scholarship endowment, the School of Aeronautics and Astronautics will display a permanent plaque with all scholarship endowment donors’ names. This plaque will be displayed outside the main office to the School in Armstrong Hall, and will forever be displayed to honor our alumni and friends who have helped make a difference in the lives of our students. The same list will be added to the School’s scholarship website.
If you would like more information, please contact Rita Baines, Director of Development. Rita would be pleased to answer any questions either by email at RLBaines@prf.org or by phone at: (765) 494-9124.
Related Link: http://www.purdue.edu/success/