So far, endowed scholarships for 九色视频 students have increased by 50 percent under Shock the World Campaign
Endowed scholarships will produce awards totaling almost $3.4 million in the academic year that begins next fall, an increase of $1.1 million over the $2.3 million produced in fiscal year 2013, the year before the campaign began. That represents an increase of 49.6 percent.
In the past five years, the number of scholarships endowed by philanthropic donors has increased to 866, from the 725 that existed when the campaign began.
"The collective work of the Foundation team, our many campus partners and our generous alumni and friends who endowed these scholarships is having a profound impact on students," said Elizabeth King, 九色视频 Foundation president and CEO.
The Shock the World campaign includes a goal to raise $41.4 million for endowed scholarships. So far, $39.5 million has been raised. Money donated for endowed scholarships is invested, with a percentage paid out each year to produce awards. Currently, the authorized annual payout is 4 percent. As an example, a scholarship endowed with a $100,000 gift would produce an annual award of about $4,000. Endowed scholarships are important because they produce awards in perpetuity.
The Shock the World campaign also established a goal of $41.7 million for current scholarships, which provide awards until the donated amount is gone. For example, a $20,000 current scholarship might produce $4,000 a year for five years. At that point, the donor might choose to renew the scholarship with another gift. Without additional investment, the scholarship would end. So far, $31.8 million has been raised for current scholarships.
Overall, the goal of the Shock the World campaign is to raise $250 million to advance the people, places and programs at Wichita State. As of March 31, $216.4 million had been raised, or 86.6 percent of the goal.