Scholarship support makes a critical difference to deserving students who could not otherwise fulfill their dreams of earning a college degree. The ability to offer competitive scholarships provides an investment in our students' futures as they prepare to become leaders, not only in the state, but throughout the world.
The Armstrong Foundation works closely with donors to find a giving level and opportunity that meets their needs. Whether you would like to establish a family legacy, recognized a loved one, or simply designate your gift to a meaningful scholarship that already exists, we are here to help you help students. See below for options:
Named Endowed Scholarships
($25,000+ giving level)
Endowing a scholarship is a long-lasting opportunity to honor or memorialize someone important to you. The initial gift forms the corpus of the endowment and is invested, while a percentage of the interest earned (typically 5% of the 3-year rolling average) is used for the scholarship(s). Any income in excess of the payout is returned to the corpus. The minimum amount required to establish an endowment at Armstrong is $25,000. The larger the endowment fund, the greater the number and amount of the scholarship awards.
Ideally, the funds are given by the donor as a single gift to the university. It is possible, however, to set up a pledge payment schedule not to exceed five years. An Armstrong advancement office representative would work with the donor to structure a gift agreement with a timeline and payment schedule amendable to the donor’s situation.
In cases where the minimum for creating an Endowed Scholarship is not reached within five years, Armstrong retains the option to convert the funds to general scholarship support. A three-year delay in awarding the scholarship allows the fund time to generate interest. Additional gifts may be added to the fund at any time.
For more information on establishing an endowed scholarship fund, call Julie Gerbsch, Assistant Vice President of Development, at 912.344.2600 or email her at Julie.Gerbsch@armstrong.edu.
Named Annual Scholarships
(An annual gift of $2,500 to $5,000 with a minimum 3-year, signed commitment)
Named Annual Scholarships are for those seeking a named scholarship opportunity but who cannot or do not wish to establish a $25,000+ Endowed Scholarship. Named Annual Scholarships help Armstrong’s financial aid planning for students by building a solid foundation of funding support through a minimum three-year gift commitment from the donor’s chosen giving level range of $2,500 - $5,000 each year. The donor establishes a named scholarship for a college or department area of their choosing, which the university’s scholarship committee then awards annually.
Named One-Time Memorial or Honorary Scholarships
The university welcomes the opportunity to award a One-Time Memorial or Honorary Scholarship. These scholarships are non-repeating and can have varied amounts (totaling a minimum of $2,500). The scholarship donor or sponsoring group works with a university advancement representative and appropriate personnel from the selected academic or programmatic area to set basic award criteria along with a timeline for awarding the scholarship. If the donor’s gift is less than the minimum $2,500, the gift will be added to the University’s General Scholarship Fund and listed in the memory or honor of the named individual.
Giving to an Existing Scholarship
(Gifts of any size)
If you are interested in providing funding for scholarship purposes but you are not ready to establish a named scholarship, contributing to an existing scholarship is an opportunity that may fulfill your intention. Gifts of any size can be directed toward support for existing scholarships. For a listing of existing scholarship funds, ask your Armstrong gift officer or call 912.344.2600.