Endowing a gift at Penn State New Kensington
Endowed gifts are vital to the long-term performance of the New Kensington campus. We continue to build our endowment, and thanks to donors like you we have made significant strides. Today, over 250 of our students are receiving much needed financial aid in the form of endowed awards.
Endowed scholarships give donors the opportunity to establish guidelines for how funds from their endowment will be used, thus ensuring that their area interests benefit from their contributions. Endowed scholarships and awards continue to generate funds for deserving students in perpetuity, as well as increase in value over time. They also allow the donor or other interested parties to continue to donate to the endowment, thereby ensuring that awards keep pace with inflation and tuition increases over time.
An academic award recognizes academic excellence, and can be named for the donor, designated in a specific academic discipline, or made a general award. For example, an academic excellence award in Information Sciences and Technology can be established as an excellent incentive for students in that particular major.
Undergraduate scholarship: $50,000
An undergraduate scholarship can be named for the donor and generally recognizes academic potential. It can be designated for general scholarship support or for a specific academic area. For example, a scholarship can be established for students enrolled or planning to enroll in the Business degree program.
Trustee Scholarships: $100,000
A Trustee Scholarship provides the unique benefit of generating immediate scholarship funds for qualified students and, because it is an endowed scholarship, it will provide funding to Penn State New Kensington students in perpetuity. Additionally, through the matching of University funds with your endowment, the Trustee Scholarship will generate larger scholarship awards from the very beginning. The Trustee Scholarship program is the perfect option for donors who want to see the maximum financial benefit for students, both now and in perpetuity. This will be a key focus moving forward.
University Professorship: $1,000,000
An endowed professorship provides resources to reward a renowned professor to pursue new lines of research or innovative teaching methods. A named professorship may enable a scholar to spend more time in direct contact with particularly gifted undergraduates. Income from the fund supplements a distinguished faculty member's salary, and provides funds for graduate assistant stipends, staff support and related expenses.