From www.taylor.edu - Taylor University, integrating faith and learning

Ways to Give

Giving by Scholarships

Although there are many ways to be involved financially with Taylor and her students, the following identify some advantages of scholarships:

To perpetuate the memory of a loved one
To honor those who have significantly influenced others as positive role models
To invest in training today's students to be tomorrow's Christian leaders

Scholarships serve a major role in providing necessary funding for Taylor students. More than 85 percent of the student body receive financial assistance from scholarships, grants, loans and work-study employment. Without this valuable and vital support, these students would be unable to attend Taylor.

Scholarships honor and memorialize family members, friends, professors and mentors from all walks of life. Taylor is grateful for alumni and friends who choose to assist students in this way. Both endowed and annual scholarships make a significant contribution in providing funds for students.

Endowed Scholarships

An endowed scholarship is designed to provide yearly awards to students indefinitely. The term endowed means that the gift from the donor for the scholarship is invested. From a portion of the interest earned, yearly scholarship awards are made to students. The original gift or principal is never used. Year after year the remainder of the interest plus dividends and capital gains earned are reinvested so the principal grows. As the size of the principal grows, the interest earned also grows and provides larger amounts for awarding to students.

Before yearly awards to students from an endowed scholarship are given, a minimum of $20,000 is needed in the fund as principal for at least a year. Gifts may be added at any time for any amount in order to reach the $20,000 amount over a period of no more than ten years.

Annual Scholarships

Annual scholarships are funded yearly through the contributions of donors. The yearly amounts awarded to students are directly dependent upon the amounts given by the donors. If for any reason a donor ceases to fund an annual scholarship, the scholarship ceases to be awarded. However, it can be reinstated at any time. The amount given to fund an annual scholarship is flexible, but a $500 minimum is preferred.

Scholarship Recognition Dinner

Every fall Taylor University hosts a Scholarship Recognition Dinner for donors and students. The purpose of this event is to recognize scholarship donors for their outstanding efforts and contributions to Taylor and to provide an opportunity for them to meet students who are the recipients of their generosity.