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Scholarships: Setting Up, Giving Toward

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This is a way to make a real difference at ORU.

FAITH THE SIZE OF A GOLF BALL

In the late 1970s, when a few needy yet magnanimous guys were bouncing a golf ball against a dorm wall and bouncing around ideas, they came up with a good one. They pledged to one day help other ORU students with financial needs and golf ball-induced dreams get through college. Over three decades later, those guys, through the founding and partial funding of the Crusader Scholarship Fund, have had a financial impact to ORU and its students of over $3 million.

Most of us can imagine how much scholarships mean to ORU students, because we were one of those students! Like the Crusaders and other alumni who have set up scholarship programs, some of us are thinking about investing into students' education in this way. ORU students welcome those investments.

A FEW FIGURES:

8,500	Average dollars for full-time, undergraduate tuition at ORU per semester
73	Different types of scholarships awarded at ORU
35	Percentage of ORU tuition funded by scholarships
17 million	Total scholarship dollars awarded in 2007-2008

MORE REASONS TO GIVE. Besides our desire to give and the effect of extending our influence, we receive the financial benefit of tax deductions.

Tax benefits include:

• You can receive a charitable contribution deduction on the full amount.
  
• If funded with appreciated stock, you can avoid capital gains tax.

SETTING UP A NEW SCHOLARSHIP

Your options include:

• One-time Cash Award
  
• Endowed Fund
  
  
  • awards annual interest earnings
    
  • awarding begins after fund reaches $10,000
• Already-existing Fund

Already-existing scholarship funds include:

Scholarship Type	Award Basis
Crusader Scholarship Fund	financial need
General Scholarship Fund	GPA
Academic Area	determined by department
Legacy Scholarship	children of alumni

WHAT DO I DO NEXT?

Consider the following questions:


• Do I want to establish a new fund, or contribute to an existing fund?
  
• Do I want it endowed, or a one-time gift?
  
• How much money do I want to use to contribute?
  
• On what basis do I want the gift awarded? Areas include:
  
  
  • financial need
    
  • grade-point average
    
  • academic field
    
  • population segment
    
  • leadership involvement
    
  • children of alumni

Discuss your ideas:



• Call Alumni Relations Director Natalie Bounds, 918/495.6588.
  
• Work with her to establish your fund.