Scholarships
Open Doors to Life-Changing Opportunities
When you establish a scholarship, you create opportunities for deserving students to pursue their academic passions. Scholarships provide tuition assistance, lessen the burden of essential expenses and attract and retain renowned faculty. Learn more about this incredible opportunity.
What was the best part about your time at school? The lasting friendships? The interesting classes? A favorite professor? The simple act of walking across campus, confident that anything was possible?
Many of us remember our college years as full of promise. Today, student optimism is often combined with feelings of uncertainty due to the rising cost of a quality education. If you want to impact someone’s life or pay it forward for support you received, read on.
Tip: You may name your scholarship after someone who has made an impact on your life. This is a heartfelt way to celebrate one person as you assist others.
What Can a Scholarship Do?
Make Education Accessible
A scholarship can provide tuition assistance—either partial or full—and be the deciding factor in someone’s ability to attend college. By providing aid in this special way, you ensure deserving students, no matter their financial hurdles, have access to a quality education. Your scholarship can open the door for a student to make a positive impact on the world.
Provide More Than Tuition
You can create a scholarship for education-related expenses like textbooks or to help a specific school or department. Or you can designate your funds toward an area that is meaningful to you.
Reward Students and Attract Top Faculty
Your generosity will help us reward hardworking students and recruit high-caliber faculty to lead them.
Set an Example for Others
Your scholarship will send a message: There are alumni, faculty, parents and friends who believe in the power of education and want it available to everyone.
How to Fund a Scholarship
Funding a scholarship with cash is an option. But it’s not the only way. Consider these creative alternatives:
A gift in your will.
Remembering Wayne State University in your will is an easy, flexible way to provide support.
Appreciated assets.
Gifting an appreciated asset, such as stock, that you have owned for more than one year may allow you to eliminate the capital gains tax on the asset’s appreciation.
Life insurance.
Make Wayne State University the beneficiary of a policy you no longer need.
Retirement plan assets.
Name us a beneficiary to receive all or part of your retirement plan assets. Or, if you are 70½ or older, you can support students today by making a gift directly from your IRA in any amount up to $100,000 per year.
How Endowed Scholarships Work
We invest your gift, and a portion of the annual income is used for your designated purpose. The gift principal is reinvested each year, allowing your endowed scholarship to last forever.