Your Generosity. Their Opportunity. Far-Reaching Impact.
“Scholarship gifts have a far-reaching impact. A Sacred Heart education would not be available to many of our students without financial assistance. Our students know that and appreciate your generosity, which will provide opportunities and experiences that our students haven’t begun to imagine. They are grateful; we are grateful.” - John J. Petillo Ph.D., President, Sacred Heart University
Scholarship gifts have an immediate and profound impact on talented students looking to put their stamp on the world. More than 90 percent of Sacred Heart undergraduates receive financial assistance from the University, which is funding in addition to loans and federal and state monies. This commitment reflects the University’s personal approach and strong commitment to helping students achieve their educational goals. But, there is ever-increasing pressure to help close the mounting financial accessibility gap that exists in higher education and the tremendous debt burden taken on by so many students pursuing their dreams.
Whether you support an existing scholarship program or are interest in establishing a named fund, you philanthropic gesture will have a powerful impact on the life of a Sacred Heart student.
How Can I Establish a Named Scholarship?
Named Scholarship Funds can be established at Sacred Heart University in honor of, or in memory of, a family member, a loved one, a student/alumnus, a current of former member of the faculty/staff, a mentor, a cause/organization that you care about deeply, or in the name of a business. We work with donors in a highly-personalized manner to best understand their intentions and to craft scholarship award criteria that match these preferences. Scholarships can be funded in a variety of ways, including cash donations, multi-year pledge commitments, gifts of securities (stocks), bequests in a donor’s will, or other planned gift vehicles that best fit a donor’s individual circumstances (e.g. gift annuities, trusts, etc.).
A donor provides funding for an Annual Scholarship on a year-to-year basis after making an initial gift to fund the program for the first three years of its existence. These scholarships typically grant annual awards between $1,000 and $25,000. Annual Scholarships do not earn interest and awards are made from funds available in the restricted scholarship account. The donor or other interested parties may make additional gifts to the Scholarship at any time.
An endowed scholarship is a permanent fund in which the principal remains intact and invested at all times. Scholarships are awarded from the allocated income earned on the principal investment in accordance with Sacred Heart University’s Board of Trustees Endowment Spending Policy once the fund principal reaches $25,000.
An endowed scholarship can be established with and initial gift of $25,000 or more, or through a lesser initial gift with an accompanying pledge commitment that must be fulfilled over a period of five years or less. The donor or other interested parties may make additional gifts to the Scholarship at any time.
For more information on how to support our scholarship programs, please contact the Todd Gibbs in the Office for University Advancement at (203) 365-4526 or firstname.lastname@example.org.