SPECIAL WAYS TO HELP STUDENTS
In a remarkable show of support, generous donors fund scholarships earmarked for specific academic disciplines, activity-talent areas and athletics at Northwest College. In 2020, 526 students received over $1.3 million from our various scholarship funds.
You have two ways to fund your scholarship at Northwest College.
Annual scholarships require annual contributions for the lifetime of the scholarship. Gift amounts are used to fund awards each year. A $500 minimum is suggested.
Endowed scholarships require a larger initial investment, but don’t necessitate ongoing contributions. Only the income from the gift is awarded each year. A $10,000 minimum is required. The $10,000 can be built over a period of up to five years. A small annual fee is charged to each endowed scholarship fund to help cover investment management costs.
A BOOST FOR DESERVING RECIPIENTS
You will be involved in establishing the criteria for selecting a recipient. A written Memorandum of Understanding will set forth your intentions for scholarship name, academic program, geographic requirement, grade-point average, year in school and other possible parameters. A selection committee will review applicants to find a student who best matches your criteria. Our faculty members play an integral role in selecting scholarship recipients.
After you establish a scholarship, you will receive an invitation each year to meet and have lunch with your scholarship recipient, getting a chance to know more about your student. Our donors tell us that making a personal connection with a student is the most rewarding aspect of funding a scholarship.
Donors also receive a personal thank-you letter from recipients and an annual financial report detailing the activity related to their scholarship. Students who apply will see a profile with photo and biographical information to help them understand the special meaning behind the funds they receive.
The NWC Foundation will also handle “pass-through” awards to NWC students from organizations that administer their own scholarships.
View an alphabetical list of scholarships and programs HERE.
To learn more about setting up a scholarship fund, contact Shelby Wetzel, Cory Ostermiller or Michaela Jones at the Foundation. They can explain how scholarship and endowment funds are invested for you and how the income is awarded.
307-754-6110 or 800-498-3914
307-754-6190 or 800-498-3914