Endowed Scholarships at UMass Lowell: Helping Students Change the World
A UMass Lowell degree is more valuable today than ever before. Weighing inflation, the cost of an education here has stayed steady while its value has grown.
And we’re far from the only ones noticing.
- We’re in the top 160 in the nation in U.S. News & World Report’s rankings of universities, jumping 27 spots in four years. U.S. News also ranks us among the top 85 public universities in the nation.
- Value isn’t worth much if you can’t spend it, and PayScale ranks us in the top 20 of 437 U.S. public colleges and universities for return on graduates’ investment.
- BusinessInsider.com calls UMass Lowell “the most underrated college in America.”
We are currently able to meet about 90 percent of student need. That’s not bad—but it’s not enough. The gap? That’s a whopping $12 million.
Yes, students should be willing to work and sacrifice for their education. But we’re just as certain this should never become a burden. Not only do we dream of freeing our students of crushing, lifelong college loan debt, but we want them to be able to concentrate on school, not juggling jobs to make ends meet.
We must offer choices that can make the difference of debt becoming manageable or becoming an albatross. Debt can become a beast of burden that plays out like a financial game of dominoes. It can affect buying a car, buying a home, providing for a family. At a time when Lowell and the nation need good, well-prepared graduates willing to work for the good of all – as teachers, social workers, and civil servants – excessive educational debt may prevent students from doing so..
Alumni and other donors already help a great deal, but more financial support is required. The difference between those who came before and students now at UMass Lowell is time. Contributing to a student’s education aids in a process that impacts the greater good:- increased funding for scholarships attracts more high-achieving students—and those students receive the education and experiences they need to go on and contribute to our region, country and the world.
And maybe they’ll be able to pay forward the good fortune that graced their own lives.
"It takes a noble person to plant a seed for a tree that will one day provide shade to those whom he may never meet."
-- David Trueblood
Endowed Scholarships ($25,000 or more)
To establish an endowed scholarship fund, a donor must commit a minimum of $25,000 through an outright gift or a multi-year pledge. Donors may choose to establish a named memorial or family scholarship and indicate preferences in the way awards are made to students. Gifts of scholarship endowment are personal and important statements of commitment to the future success of UMass Lowell students. By establishing an endowed scholarship your values and legacy become a permanent part of the University’s success and while ensuring that your enthusiasm for learning extends to future generations of scholars.
What is an Endowment?
An endowment is a gift that is held in perpetuity and invested to earn a steady stream that provides ongoing support for the activities designated by the donor. Current UMass Lowell policy protects the long-term growth of its endowment fund by allocating approximately 4 percent of the endowment’s value for annual use.
Gifts of endowment are personal and important statements of commitment to the future success of UMass Lowell students. When you establish an endowment, your values and legacy become a permanent part of the University’s success and you ensure that your enthusiasm for learning extends to future generations of scholars.
What are the advantages of endowment gifts?
Because endowment gifts generate earnings each year, they play a critical role in UMass Lowell’s long-term financial stability. Although state appropriations, tuition levels and fundraising revenue might fluctuate annually, the stability of an endowment encourages strategic planning and expansion of our programs. Because an endowment provides support in perpetuity, this is perhaps the most significant way to leave a permanent legacy at the University. An endowment gift also provides tax benefits to donors (especially if established through a gift of securities).
How can I establish an endowment?
Endowments can be established through a myriad of ways including gifts of cash, stock, real estate, charitable remainder trusts, or bequests. Endowment gifts may also be paid over a period of years, usually three-five. For more information about establishing an endowment please contact Advancement at 978-934-3689.