Help Students Reach Their Dreams
As part of Utah State University’s land grant mission, USU-Junction makes college education accessible for students of all ages in Piute County. Students at USU-Junction are either working, taking concurrent enrollment classes while in high school, raising families, or are unable to relocate and take courses on a full-time, traditional schedule. At USU-Junction, students have the opportunity to choose from certificate programs to associate, bachelor’s, and master’s degrees in a range of fields. Scholarships provide students with the opportunity to complete their degree faster by attending full-time, without taking breaks to work and save money for tuition. Help create an opportunity for higher education in your community by creating a scholarship.
You can help make a college education affordable in three ways:
Giving questions? Please contact:
Wendy Oliverson
Assistant Director of Gift Management
435-797-1327
wendy.oliverson@usu.edu
An expendable scholarship is one where the donor makes a gift and the entire amount of the gift is used to fund the award to student/students. The gift can be spent in the year in which it was made, or the donor may specify that a portion of the gift be spent in each year over a period of years specified by the donor.
Expendable scholarship funds may be named by the donor. However, most of these gifts tend to go to general scholarship funds. If an expandable scholarship is named, a gift agreement will be executed that is signed by the donor and the University that lays out the terms of the gift..
Steps to creating a scholarship:
- Make the commitment to support USU-Junction students.
- Determine the following:
- Scholarship amount
- Qualifications for receiving the scholarship
- Provide a brief description on why the scholarship was created.
For your scholarship, USU will:
- Promote the award, gather and review applications, conduct interviews, and award the scholarship
- Provide a charitable tax receipt
- Supply a report of students receiving the scholarship
- Have the student(s) receiving the scholarship write a thank-you letter
- Arrange a photo opportunity for recipient and donor as requested
For more information about creating a scholarship to help make local students’ college dreams a reality contact:
Nancy Glomb
nancy.glomb@usu.edu
435-797-3911
An endowed scholarship is one where a donor makes a gift that is invested in the university’s endowment pool. Each year, a portion of the earnings is used to fund the award to a student or students. The current spending rule for endowment funds is that 4% of the value of the endowment is spent on the award annually. Endowed scholarships are named by the donor. They can be named for the donor, or for a different individual or individuals specified by the donor.
Each endowed scholarship has a gift agreement that is signed by the donor and the university that lays out the terms of the gift. The minimum gift required to establish an endowment is $25,000. With the current spending rule, an endowment of that size that has been invested for a complete year will generate an annual award of about $1,000 depending on market fluctuations.
Steps to creating an endowed scholarship:
- Make the commitment to support USU-Junction students.
- Determine the following:
- Scholarship amount
- Qualifications for receiving the scholarship
- Provide a brief description on why the scholarship was created.
For your scholarship, USU will:
- Promote the award, gather and review applications, conduct interviews, and award the scholarship
- Provide a charitable tax receipt
- Receive an annual financial report of the performance of your endowment.
- Supply a report of students receiving the scholarship
- Have the student(s) receiving the scholarship write a thank-you letter
- Arrange a photo opportunity for recipient and donor as requested
For more information about creating a scholarship to help make local students’ college dreams a reality contact:
Nancy Glomb
nancy.glomb@usu.edu
435-797-3911
