Insight/Report on Private Giving

Spring 2005

Scholarships and Awards

In these days of increasing costs and decreasing governmental support for higher education, scholarships make education possible for many of our students. This in turn benefits us as a society because these students are our future. From them will come breakthroughs in medicine, innovative solutions to the myriad problems facing our nation and the world, and the creativity to teach the next generation.

This year, as in years past, scholarship support from our donors has once again increased. In the 2004-2005 school year, the College distributed 430 scholarships and awards, with a total dollar amount of $1,007,890.74. This represents an increase of slightly more than 4 percent over the previous year.

We have a number of new scholar-ships to give special recognition to this year. These include three new expendable scholarships: the Arthur W. Peter-son II DVM Memorial Scholarship, the Simmons & Associates Educational Trust Fund Award, and the Cindy Lopez Veterinary Scholarship. We have two new endowed scholarships, the Lloyd C. and Ruth H. Shenk Memorial Scholarship and the Dr. Alan Tucker Memorial Scholarship. We’d also like to recognize a new pending scholarship, the DVM Class of 2007 Scholarship. Thanks to each of you who help to make these new scholar-ships available to our students.

Creating New Scholarships
Several ways exist for alumni, friends, corporations, associations, and organizations to create scholarships and fellowships at Colorado State University.

Expendable Fund
Expendable funds are used to create annual scholarships and fellowships. A minimum gift of $1,000 opens a named scholarship expendable fund account.

Pending Endowment Fund
Pending endowment funds eventually become true endowment funds for scholarship use when gifts total $25,000. A fund may be a pending endowment for a period not to exceed five years, with all earnings reinvested during the five-year period. If $25,000 is not accumulated through gifts and interest earnings within five years, the pending endowment becomes an expendable fund.

Endowment Fund
If you wish to establish an endowment, your gift will create a perpetual source of funding for scholarship use. The principal of the endowment remains intact, while earned income is used to support student scholarships. A minimum gift or combination of gifts totaling $25,000 establishes a named scholarship for restricted use.