Your Scholarship Support Makes A Personal Difference to Our Students
Attending college gives our students the chance to pursue passions and develop skills that lead to lives of meaning, value and professional success. However, paying for any college can be a significant challenge for students and their families. Despite the fact that Millikin does everything possible to hold down costs, more than 97 percent of our students must receive financial aid each year. Many Millikin students would not be able to attend the university without scholarship support.
Endowed scholarships are a vital way to help make up the difference between what it actually costs Millikin to deliver on the promise of education for our students and what students and their families can afford to pay. An endowed scholarship helps fill in that financial gap for generations of bright, talented and deserving Millikin students. It is a personal legacy for the donor that will live on forever at the university.
A Scholarship Benefits You, Too
The joy you receive from helping our students pursue their dreams is a valuable additional benefit to establishing a Millikin scholarship. As a benefactor, you will have the opportunity to learn each year about the individual lives that have been transformed by your gift. In some cases, you may be able to meet with your recipient(s) to learn about the direct impact of your scholarship and experience the joy of giving firsthand.
Many of our alumni also enjoy the satisfaction of setting up a scholarship as a recognition of the financial support they received when they were Millikin students. It's a thank-you gift that spans future generations and renews the cycle of giving.
What is an Endowed Scholarship?
An endowed scholarship is established with funds that have been donated to Millikin by alumni, friends, corporations or foundations. This money is invested in an endowment fund managed by the university, and a portion of the income earned by the fund creates a yearly student scholarship. The remaining portion of the earned income is returned to the endowment fund so it can grow and yield additional scholarship support, year after year. The endowment fund itself is not spent so that the scholarship can live on forever at Millikin to provide assistance to deserving students.
Establishing an endowed scholarship at Millikin requires an initial gift of $10,000, which can be given all at once or built up over a period of time. The process is usually very simple, and gifts may be added to your scholarship fund at any time.
Scholarship gifts may be made in a variety of ways:
- A check or credit card outright gift.
- A pledge made over a period of up to five years.
- A direct payment plan with a bank or other financial institution.
- A gift of stocks or other assets.
- An estate or memorial gift.
- A charitable gift annuity or charitable trust.
- By making Millikin a beneficiary of a life insurance policy.
Some employers will match charitable gifts, which could further increase the value of your scholarship; check with your company's human resources office to find out if your company offers this benefit.
This academic year, 17 student scholarships have been established to date as part of the Transform MU campaign. These scholarship legacies will live forever at the university.
We gratefully thank those who made the commitment to help Millikin students obtain the financial resources they need to pay for college costs by establishing these scholarships in their name or in honor or memory of friends, family members and/or mentors:
Emma Auer Scholarship
George and Bertha Auer Scholarship
The Leona Zah Clark Piano Scholarship
Elta Turner Cooke Scholarship
The William T. Eichenauer Scholarship Fund
The Howard and Virginia Flora Scholarship
The Patricia Rannebarger Ford '53 Nursing Scholarship
The Joan Hollywood and Virginia Emery Scholarship
The David C. Jack Scholarship
The Wendell J. Kelley Scholarship
The Lawing-Tomazin Endowed Medical Scholarship
Owen K. and Marian A. McGreevey Scholarship
Ethel Parkinson Scholarship
The John William Prange and Sue Logan Prange Scholarship
The David J. Rathje Scholarship
The Roth Family Scholarship
The Ellen Boling Zemke Scholarship
03|07 Caterpillar Donates $1 milllion
As a part of the Caterpillar Foundation’s previously announced investment in Millikin University, Wednesday, February 22, 2012, marked another momentous occasion as the Caterpillar Foundation made its second payment of $1 million in Millikin University. This investment is part of...
06|03 Caterpillar Foundation and Oberhelmans offer matching grants
The matching grant challenges are part of an $11.5 million total investment made to the “Transform MU” capital campaign by the Caterpillar Foundation and Caterpillar CEO Douglas Oberhelman ’75 and his wife, Diane.
03|28 $11.5 million commitment to Transform MU campaign
Through the combined generosity of Trustee Emeritus Doug Oberhelman '75, his wife, Diane and the Caterpillar Foundation, it is the largest pledge of support in the history of the university.
01|28 Campus Community Challenge a Success.
The three-month Campus Community Campaign concluded in December 2010 with 53 percent of the campus participating.
GIVING IN ACTION
Whether you donate to the university and invest in future students, volunteer your time at the university, or advocate for the school through recruitment or other programs, your efforts benefit the entire university community. Please join me and reinvest in Millikin today. The returns last a lifetime.
(Hired Four Millikin Graduates, Guest Speaker in the Business Program, and Alumni Donor)
Scott Flora, President, Covidien Surgical Devices
Alumni, Class of 1978
When I was invited to deliver the baccalaureate address during Commencement 2004, I challenged the graduating class to give something back to their new alma mater. Soon after, I had to honestly ask myself: “What have YOU done for Millikin?” My answer to that question resulted in a wonderful journey to establish the Smith/Orlandini Book Award, given annually to a student with demonstrated financial need in the department of exercise science and sport. This ultimately cultivated my desire to establish a permanent fund honoring my family's connection with Millikin.
Accordingly, I have taken steps to endow the Smith/Orlandini Scholarship. Additional support for the endowment has come from alumni family members, who share my pride in knowing that we are helping assist future generations of Millikin students.
Father Nicholas W. Smith
Alumni, Class of 1983
As anyone attending Millikin knows, the cost of fees, books and materials, and living expenses are daunting. The annual support I receive from scholarships is essential in helping me achieve my goals.
Student, Class of 2011