How to Establish a Scholarship
Scholarships may be designated to a particular college, department, or program, and they may be named in memory or in honor of someone, after the organization or person establishing the scholarship. They can be an effective tool for recruiting promising freshmen and retaining accomplished students. Scholarships are awarded each spring, and the donors receive a thank-you note and an invitation to a banquet with the recipients.
Scholarship setup step-by-step:
- Determine the name of your scholarship and type of student you’d like to support (criteria)
- Your WWU Scholarship Contact will draft a scholarship agreement for your review and signature, must be complete by March 1, 2018 in order to be awarded for the 18-19 school year.
- Your scholarship will be advertised by WWU (typically in March and April) of each year.
- A selection committee will review applications and choose the best candidate to receive your scholarship.
- You will receive a thank you letter and information about your student (usually during the summer).
- If possible, please make your scholarship gift by June 30th, 2018.
- Your scholarship will be applied directly to the students’ account during the 2018-19 school year.
- You will receive an invitation to meet your scholar at our annual banquet which will be held during winter quarter, 2019.
Established with a minimum gift of $2,000, annual scholarships carry a preferred commitment of five years. With tuition alone at $8,000 a year, the more a donor is able to contribute annually, the bigger the impact of support.
Endowed scholarships have a required minimum of $25,000, though $30,000 is recommended. Gifts can be made over five years after the establishment of the account to allow donations of $25,000 or more. Endowed funds are principal funds that earn interest. The interest provides funding for scholarships, while the fund's investment is protected from being transferred or used. The typical allocation from an endowment is four percent at Western. Any interest above four percent is reinvested into the scholarship fund to help it grow.
Excellence in education at Western begins with our faculty members. Support for our faculty enables us to recruit and retain passionate researchers, insightful scholars, and inspiring teachers. Whether you fund a research endeavor, endow a chair, or send faculty to a conference, your donation works on behalf of the entire Western community.
An endowed chair is the highest academic award a university bestows on a faculty member, and its legacy is lasting. When you place your name on an endowed chair, you are giving a gift that will last as long as Western exists. Support for an endowed chair comes from invested funds.
Named professorships recognize outstanding faculty members. A professorship can be department-specific, or in a broader area like environmental sustainability.
David Cole Professor of Entrepreneurship
Wilder Distinguished Professor of Business and Sustainability
Ada G. Walter Distinguished Professorship of Music
Not only does Western value the talent we have here on campus, we valule the expertise of scholars who bring their intellectual resources to our community. By giving guest lectures, teaching, engaging in research, and collaborating with our faculty, they enrich our campus and deepen our students' engagement with their own work.
Conference travel, primary research, a new curriculum—professors have many fundamental financial needs that, if filled, allow for excellent opportunities for the entire Western community.
Gifts can be made online at wwu.edu/give or with a check made payable to the WWU Foundation and sent to:
516 High Street
Bellingham, WA 98225-9034