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Endowment Opportunities to Support Student Scholarships

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.

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.

North Carolina Wesleyan College is seeking endowments to underwrite scholarships for students from all backgrounds. There are two types of endowed scholarships:

  • Need-based scholarships will ensure access to able students of all backgrounds, regardless of financial capability
  • Talent-based scholarships will attract students of diverse talents and abilities, regardless of financial aid assistance.

Endowment gifts for scholarships are critically important. They will provide us the agility we need to compete for the range and variety of students who represent Wesleyan. We must increase our institutional capacity to provide financial assistance to first-generation college students as well as to provide scholarships to those students who may not qualify for financial aid, but exceed the standards that are Wesleyan.

How Do I Establish An Endowed Scholarship?

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 Endowed Scholarships

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.

Click here to see a list and guidelines for existing endowed scholarships.