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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.
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]
Scholarships in the U.S. are awarded based upon various criteria, which usually reflect the values and purposes of the donor or founder of the award. Some scholarships for college are merit-based. Merit scholarships might be awarded based on academic achievement or on a combination of academics and a special talent, trait, or interest.
The foundation has more than 200 endowed funds to support scholarships. But scholarships don’t necessarily cover needs that extend beyond tuition and textbooks.
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.
The Rhodes Scholarship has faced controversies since its inception, primarily concerning the exclusion of women and Black Africans. Initially, the scholarship was limited to male students with Commonwealth of Nations, Germany, and the United States, a restriction that only changed in 1977 following the passage of the Sex Discrimination Act ...
In 2000, the Gates Foundation endowed the scholarship trust with $210 million to help outstanding graduate students outside of the United Kingdom study at the University of Cambridge. [89] The Gates Foundation has continued to contribute funds to expand the scholarship, making it one of the largest and best-endowed scholarships in the world.
All four scholarships are fully-endowed and managed by the MiraCosta College Foundation; these scholarships will be awarded annually as long as the college exists. [11] Two of the endowed scholarships, the Trans* Pride Scholarship and the Queer and Trans People of Color (QTPOC) Scholarship, are the first fully-endowed scholarships for ...