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A young man (in bowtie) receives a scholarship at a ceremony. A scholarship is a form of financial aid awarded to students for further education.Generally, scholarships are awarded based on a set of criteria such as academic merit, diversity and inclusion, athletic skill, and financial need, research experience or specific professional experience.
A scholarship is defined as a grant or payment made to support a student's education, awarded on the basis of academic or other distinction. [1] "Scholarship" has a different meaning in the United States than it does in other countries, with the partial exception of Canada. Outside the U.S., scholarship is any type of monetary award to fund ...
The seven King's Schools at Canterbury, Chester, Ely, Gloucester, Peterborough, Rochester and Worcester were re-endowed or re-founded by King Henry VIII in 1541 following the Dissolution of the Monasteries, and award King's Scholarships in his name. Originally all pupils at the King's Schools were endowment-funded King's Scholars; the King's ...
Harvard University, with a $49.495 billion endowment as of FY2023, is the wealthiest university in the world.. Many colleges and universities in the United States maintain a financial endowment consisting of assets that are invested in financial securities, real estate, and other instruments.
Engraving of Harvard College by Paul Revere, 1767. Harvard University's endowment was valued at $53.2 billion as of 2021. [1]A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. [2]
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The university's first endowed scholarship was established in 1892. [70] The original University charter adopted by the New York State legislature required that Cornell give scholarships from students in each legislative district to attend the university tuition-free. [71]
Upon Walquist's retirement and given a low number of novel submissions, the endowment was repurposed into a scholarship fund for UVU students, and renamed the Marilyn & Bill Brown Endowed Writing Scholarship. The scholarship is managed by the UVU library.