An endowed scholarship is a significant and important contribution to the College for it provides scholarship assistance to Le Moyne students … forever!
Endowment earnings are prudently managed by Le Moyne College’s investment Committee and can weather market volatility based upon a strategic long-term spending policy. The endowment earnings are reinvested into your named fund which allows the principal to grow and student awards to increase continually.
A minimum pledge of $50,000 is required, payable over five years, to establish an endowed fund. Once endowments are fully funded they will be awarded the next academic year.
Le Moyne College has established 165 named endowed scholarship funds with over 460 awards given in 2014-15.
Donors who wish to establish an Endowed Scholarship with the College can work with a member of the Institutional Advancement team on their scholarship agreement, determining pledge and payment terms, name of the scholarship and preference for the student who should receive the award.
Donors can outline award preferences that are meaningful to them and reflective of their original intent in establishing the fund. Le Moyne College distributes endowed scholarship awards annually through its Office of Financial Aid selecting students based upon financial need and the criteria established by those friends and alumni who have created the scholarship fund.
A list of the current endowed scholarships is available through this link.
“After graduating from St. Peter’s Prep in 1959, I was awarded a four-year, tuition-paid scholarship by Le Moyne College. Without that financial support, I would not have been able to attend the College and, as the saying goes, I would not be the man I am today … my wife and I decided to establish a scholarship to help students in need who aspire to pursue a career in medicine. We hope that, in some way, this is giving back.” - Roger LaGratta ’63, M.D.