Many alumni and friends of the university have provided much needed support for students who may not have been able to afford a college education without additional assistance. There are two options available for establishing a scholarship at Missouri Western:
Named Endowed Scholarship
- A permanent and perpetual scholarship fund.
- Established with a gift or gifts totaling at least $10,000.
- Donors are given a period of two years from the date of the first donation to fulfill the $10,000 requirement.
- Endowed funds are invested to (a) provide consistent funding for programs, projects or scholarships as designated by the donor(s) and (b) to provide for the long-term growth of the corpus of the investment.
- The endowed investment total distribution for spending will be reviewed and approved by the Investment Committee of the Board of Directors on an annual basis. The spending allocation in each fiscal year will be calculated using a three (3) year rolling average market value of the funds functioning as endowments as of December 31.
- New endowments must be invested for a minimum of twelve months prior to any distributions being made in order for the fund to accumulate earnings.
- The endowment administrative fee will be reviewed and approved on an annual basis to be calculated on the fair market value of the investment portfolio as of June 30.
Named Annual Scholarship
- A temporary, restricted fund (not permanent).
- Established with a written pledge of a minimum of $1,000 per year for at least four years.
- One hundred percent of the principal is awarded to a recipient or recipients over a specific period of time.
- Any earnings on the fund are placed in the MWSU Foundation’s general fund.
The Development staff can help you determine the criteria that each scholarship applicant must meet in order to comply with your intentions. Reviewing the Scholarship Criteria Form is a good place to start when considering specific qualifications you may want to require of scholarship recipients.