How to establish a scholarship at UW-Stout
Establishing a scholarship is one of the most meaningful ways of ensuring that the University of Wisconsin-Stout’s 125 year tradition of excellence will continue to be available to the most talented students, whatever their financial circumstances. When you establish a scholarship, you directly help these deserving students realize the dream of a college education and prepare for a successful career.
Whether you choose to establish an endowed scholarship that will provide for a scholarship award in perpetuity or to fund a one-time scholarship that you would have the option to renew annually, you will be playing a significant role in the future of the university.
An endowed scholarship provides support to students in perpetuity. Endowed scholarships are established with a gift(s) totaling $30,000 or more. Only the earnings from the initial gift are awarded. After the scholarship is endowed, the annual award is based on a 3.5% payout (based on a 3-year average balance), about $1,000 award per year. Pledges can be fulfilled over a three-year period.
A one-time scholarship is established with a gift of $1,000 or more given on an annual basis.
Criteria for Selection
The criteria of a scholarship is determined by the donor. The criteria of the award can be as general or as specific as the donor wishes. Factors which are considered include: academic performance, letter of recommendation, professional activities, extracurricular activities, community involvement, written statements, neatness and care in completing the application and, in many cases, financial need.
Awards are encouraged to be open to both full-time and part-time students (less than 12 credits for undergraduates and 6 credits for graduate students), as well as undergraduate and graduate.
The Stout University Foundation Scholarship Committee reviews and ranks applications in the spring. Recipients are notified by April 15th. Recipients will be required to write a letter of appreciation to the scholarship donors and attend a formal award ceremony in September before payment is made for tuition.