Class of 2008 Endowed Scholarship
Why endowments matter
Endowments give colleges and universities a steady flow of long-term income that finances all areas of the college. These funds also help a college's staff accurately budget and forecast the financial needs of the institution. Every year, close to four percent of the general endowment is released for operating expenses.
At HMC, 21 percent of our operating budget comes from endowment and another 10 percent comes from private support. Without those sources, tuition dollars would be left to cover the rest of the College's expenses. There are many other campus endowments that fund professorships and scholarships here at HMC, like the one we are creating.
Why you should support the Class of 2008 Endowed Scholarship
During their senior year, members of the Class of 2008 came together with a plan to create an endowed scholarship by the time of their fifth reunion. They believed in making a positive impact on deserving, awesome Mudd students. As a class they will have the ability to give perpetually by fully funding the Class of 2008 Endowed Scholarship.
When the fund reaches $25,000 it comes to life and will support a student with approximately $1000 a year. The more money in the fund, the larger the scholarship will be. With your support, the class can reach their goal and make a difference.
How to make a pledge or give
You can give online to the scholarship now and designating your gift to the "Class of 2008 Endowed Scholarship."
If you plan to give later and help us reach our goal of $25,000 by June 30, 2013, you can make a pledge now, which will also be added to the "gift thermometer."
Contact Irene Barela, at 909.621.8560.