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Thursday, Jul 31, 2014

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University to provide $25 million for Undergraduate Scholarship Investment Program

Matching program designed to generate an additional $50 million in private support for endowed scholarships


Committed to being the nation's best, transformative learning community where students have access to an affordable top-notch education, Ohio University is investing $25 million to strengthen its endowed scholarship program.

Vice President for University Advancement and President and CEO of The Ohio University Foundation Bryan Benchoff announced the launch of the Undergraduate Scholarship Investment Program during the Aug. 29 Resources Committee meeting of the Ohio University Board of Trustees.

The Undergraduate Scholarship Investment Program is a matching program in which Ohio University will provide $0.50 for every dollar committed to eligible scholarship accounts beginning July 1, 2013.

Recognizing that scholarships play a crucial role in determining if and where a student decides to attend college, the goals of the program are to improve access for students who are unable to attend Ohio University without additional financial support; to increase recruitment of the best and the brightest students; to provide additional financial support that holds value over time; and to expand the impact of scholarship fundraising.

"The Scholarship Investment Program will expand the impact of fundraising and will thereby increase our ability to award scholarships to students who demonstrate need and academic promise," Benoit said. "This program will make an Ohio University education even more accessible while enhancing our efforts to recruit the brightest and best students. This program is another investment in our communities."

In order to ensure that the program impacts as many students as possible, donations to the Undergraduate Scholarship Investment Program must be designated for domestic undergraduates on the Athens Campus and be endowed and renewable. Donors may specify the college of the awardee. Scholarships may also be designated University-wide. Additional scholarship eligibility information can be found on the University Advancement website.

The Undergraduate Scholarship Investment Program is part of the University's $100 Million Investment Plan that was introduced last year for the purpose of allocating one-time funds to support institutional priorities and the University's core mission.