Undergraduate Financial Aid: A Defining Commitment [PDF]

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Endowed Need- Based Scholarships: Strengthening the Foundation 4 miriam rivera, ’86, mA ’89, JD/mBA ’95, grew up in a tough neighborhood in Chicago, with a mom who was raising five kids on her own. Today, she exemplifies the multiplier effect of financial aid: Alumni who graduate from Stanford with the help of financial aid go on to become leaders in business, public service, teaching, and other fields, giving back to their communities and often to Stanford itself. rivera, a former Google executive who serves on Stanford’s Board of Trustees, established the miriam rivera and Clint Korver family undergraduate Scholarship with her husband in 2006. “Stanford really paved the way for me to have a very different life from what I might have had. I recently went back to the university to ask them for the name of my scholarship donor, so I could say thank you and tell them how important that support had been in my life. for me, it made all the difference.” rAiSing ADDitionAl enDoweD SCholArShip funDS iS A top priority. DeDiCAteD to student support in perpetuity, these funds are the foundation of Stanford’s financial aid program. Year after year, they generate the bulk of our resources and help to carry our commitment into the future. Stanford’s Campaign for undergraduate education, which ended in 2005, did much to build the university’s scholarship program. Donors to The Stanford Challenge helped strengthen this foundation, giving more than $250 million to new and existing scholarship funds. This helped to cushion the impact of the recession on the scholarship budget, but the increasing need continues to outpace growth in Stanford’s resources. undergraduate financial aid is such a high priority that matching funds are available to encourage gifts of endowed scholarships. funding a Stanford scholarship is a direct way to open doors for deserving students and help them become tomorrow’s leaders. It also provides a personal connection to today’s students and a fulfilling way to give back. miChAel SilvA
The Stanford Fund: Meeting Immediate Needs l. A. CiCero / STAnforD newS ServiCe DouG Plummer expAnDing AnnuAl Support for the StAnforD funD iS eSpeCiAlly CritiCAl. Annual gifts play an important role in filling the gap between financial aid endowment and the total need of today’s students. The impact of Stanford fund gifts on the bottom line is immediate: A gift of $25,000 is roughly equivalent to the annual payout on a $500,000 endowed fund. More than 1,300 students received scholarship support from The Stanford Fund in 2011–12. in some cases, The Stanford fund meets a student’s entire need; in others, Stanford Fund dollars are added to endowed scholarship funding to complete a student’s financial aid package. To meet the growing need for financial aid, the university relies more heavily than ever on annual gifts. Since 2008–09, the president has allocated more than 75 percent of Stanford Fund dollars to need-based financial aid. The broad-based support of all undergraduate alumni is vital to our efforts. Donors who give at least $25,000 per year to The Stanford Fund have a unique opportunity to help. Their leadership gifts establish Stanford fund Scholarships that underwrite financial aid for individual student recipients. like endowed scholarship donors, Stanford Fund Scholarship donors have an opportunity to learn about and get to know their student recipients—an especially rewarding experience. They also continue to be recognized at the President’s fund level for their Stanford Fund giving. UndergradUate <strong>Financial</strong> aid | Stanford UniverSity 5
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Undergraduate Financial Aid: A Defining Commitment [PDF]

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