Purdue University allocates matching
dollars for new scholarship endowments
Indiana is known for growing many things in the rich farming soil of the Midwest. One of the state's best commodities, though, is the brainpower of its students. At Purdue, we want to be in the best position to cultivate Indiana's best and brightest and turn them into Boilermakers. These future students will become our next business leaders, discoverers and award-winning researchers.
Your participation can make all the difference for these in-state students with scholarship money specifically for them. The $6.7 million Indiana Challenge Match issued by President France A. Córdova will leverage private donations with university matching funds, giving students the boost they need for a bright college future. These funds were made possible by one-time gains from university investments over the past year.
The match will let you establish a scholarship endowment with a cash gift of $12,500. To encourage larger endowments, a 10 percent bonus will be added to endowments for gifts of $25,000 and higher. This will allow your first endowed scholarship to be awarded the same year it is fully funded. Donors can provide this gift over a 5-year period. Indiana Challenge Match scholarships can be earmarked to College of Pharmacy students, but must be otherwise unrestricted to allow Purdue to award scholarships for strategic enrollment needs.
This matching program started in September and as of late November, $1,000,000 was already allocated. If you are interested in creating a scholarship endowment or to learn more, please contact Nathan Wight, Director of Advancement at (765) 494-0501 or nwight@purdue.edu . Thanks so much for your consideration… Hail Purdue!!
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