Scholarship Gifts
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Yet, almost 90 percent of our full-time resident students require some type of financial aid. As the College strives to meet the educational needs of additional students from Eastern North Carolina and beyond, the need for scholarships is also increasing. Many deserving students cannot afford the benefits of an education at a small, nurturing, liberal arts college such as Wesleyan without scholarship assistance. How do I provide a scholarship? Scholarships are typically provided in two ways: as outright gifts or as endowed scholarship funds. Outright Gifts
Endowed Scholarships Named endowed scholarships require a minimum of $10,000 in a scholarship fund before an award can be made to a student. Wesleyan operates endowed scholarships with a five percent spending policy, meaning that the College distributes five percent of the fund’s value to a student each year. For example, a $100,000 endowed scholarship fund will provide a $5,000 scholarship each year. Earnings in excess of five percent of the endowment are retained in the fund, thus adding to its value and increasing its distribution in the following year. You may work with the College to establish criteria for selecting scholarship recipients. Gifts To Existing Scholarships
For more information about gifts for scholarships, contact the Office of Development at (252) 985-5266. |
Last modified by webmaster@ncwc.edu on
04/14/05 |
North
Carolina Wesleyan College is pleased to offer its students a variety of
endowed scholarships. From the prestigious Algernon Sydney Sullivan and
Lettie Pate Whitehead scholarships to those named for beloved professors and
honored loved ones, the College offers more than 100 named scholarships each
year. 
You
can make an outright scholarship gift to Wesleyan, and you can work with
College staff to establish criteria for the award. You determine the amount
of the gift, of course, and may provide it on a one-time basis or as often
as you like. 
You
may want to add funds to an existing scholarship established for purposes
that match your own interests. For example, a variety of existing
scholarships honor retired faculty and support students preparing for
particular careers such as the ministry, education, psychology, biology,
health services, and other professions. Some scholarships encourage women to
prepare for work in the sciences. Some awards are for students interested in
historic preservation or who live in particular North Carolina counties.
Some scholarships are established in memory of individuals. The list goes on
and on.