Giving to fund University of Southern Maine Scholarships
University of Southern Maine Scholarships
The University of Southern Maine is dedicated to providing students with a high-quality, accessible, affordable education.Toward that end, we are focusing our fundraising efforts to expand the availability of scholarships for our students. Students who receive scholarship support are able to work less, study more, and have time to participate in activities that enrich their educational experience. While a gift of any amount will help a deserving student, there are funding options available for donors interested in providing specific amounts of scholarship support.
Presidential Scholarships are the University of Southern Maine’s most distinguished academic award, recognizing scholastic achievement, demonstrated leadership, community service and unique personal qualities. Chosen students will receive $5,000/year in a four-year renewable grant.
Recipients must be nominated by their high school principal or guidance counselor and will be chosen by a USM leadership council. They will have opportunities and responsibilities to participate in high profile USM activities and to develop connections within the community through participation on the USM Board of Visitors and with USM Corporate Partners.
A Presidential Scholarship can be funded by a gift of $20,000 or a commitment of $5,000/year for four years.
Named Scholarships can be created with an annual commitment of $3,000 or more for three consecutive years (a minimum of $9,000). The donor of a named scholarship can determine the criteria for selection of the recipients, such as academic program or school or college; annual scholarship amount; and the name associated with the award.
Dean’s Scholarships can be created with an annual commitment of $1,000 for four years for a total of $4,000. The donor of a Dean’s scholarship can determine which school/college will receive the funds and the Dean will decide the criteria for selection of the recipients. The amount of the scholarship is typically $1,000 per year.
An endowed scholarship can be created in the University of Southern Maine Foundation with a minimum gift or commitment of $20,000. Scholarships are paid from income earned on the endowment. A $20,000 endowment would provide approximately a $1,000 scholarship per year.
The donor of an endowed scholarship can determine the criteria for selection of the recipients, such as academic program or school/college; the amount of the award based on available income; and the name associated with the award.