Creating student scholarships is an important priority of Millikin’s five-year “Transform MU” capital campaign launched last May. In fact, within the $85 million overall campaign total, Millikin set a goal of raising $10 million to endow student scholarships.
Less than a year later, that amount has been surpassed, with $11.6 million donated toward new or existing scholarships as of this March.
“Our alumni and friends understand the personal impact these scholarships have on our students,” says Peg Smith Luy ’75, vice president of alumni and development. “In an era marked by a struggling economy and uncertainty of the status of state and federal grants for college students, scholarship support for worthy students has never been more needed or appreciated.”
When possible, scholarship recipients thank donors in person on campus through luncheons hosted by the alumni and development staff (see upper right). Many also write letters of thanks to those individuals and organizations who help fund their education. For example, in a letter to her scholarship donors, junior Kristin Shepherd of Springfield, Ill., says: “Without the aid I have received from you, I would be unable to continue my education and pursue the career of my dreams.”
Shepherd is active in several campus organizations and plans to teach elementary students.
To learn more about establishing a scholarship at Millikin, call us toll-free at 1-877-568-2586.
Scholarships can honor, memorialize individuals
More than 300 endowed scholarships have been established at Millikin, usually in honor or memory of individuals who are special to the donor. During the 2009-10 academic year, $2.36 million in scholarships was awarded to 641 worthy students. At Millikin, a new scholarship can be established with a gift of $10,000, which may be given in increments over a period of time.
Scholarships established during the last fiscal year include The William T. Eichenauer Scholarship Fund. Preference is given to a student(s) studying in the entrepreneurship program in the Tabor School of Business. In the event that no student meeting the criteria is available, the scholarship may be awarded to any deserving business student. The scholarship was established by Bill’s wife, Nancy Fisher Eichenauer ‘53, and friends to honor his memory. A 1951 Millikin graduate, Bill served on MU’s board of trustees and was chairman for the Millikin Fund and the centennial celebration committee, as well as numerous other positions. He was named Millikin’s Alumnus of the Year in 1996 and was a member of the Millikin Medallion Society, which honors those individuals who made the greatest positive impact on the university during its first 100 years.