Endowed scholarship funds create a permanent source of income for Rockhurst’s financial aid program. Gifts are carefully invested as principal and a designated portion of the income earned is used to meet the need for financial aid. The remaining portion of the income is reinvested in the endowment, which grows in perpetuity.
Currently, Rockhurst has approximately $10 million in endowed scholarship, which provided $200,000 in funding for financial aid.
Increased funding from endowed scholarships would significantly reduce strain on the operating budget and yearly fundraising efforts, which currently fund the majority of Rockhurst’s financial aid.
By increasing Rockhurst’s endowed scholarships, the operation budget would be used to further educational and co-curricular programming, faculty retention and recruitment as well as facilities improvement.