Financial costs are often an obstacle to students who want to enter medical school. Scholarships can help them pursue their dream. With your support, students can achieve their goal of becoming a doctor without the burden of student loans.
Make a lasting difference in students’ lives. Here are types of scholarships to consider:
Operating Scholarships provide support for a single year. Unlike endowments, these awards provide one-time, immediate financial assistance for current and prospective students. You may renew your support for a scholarship each year or designate it for a set period of time. The minimum gift for an operating scholarship is $1,000.
- $200,000 – Four-year Tuition & Fees + Living Expenses
- $100,000 – Four-year Tuition & Fees
- $50,000 – One-year Tuition + Living Expenses
- $25,000 – One-year Tuition & Fees
Endowments provide financial stability because the principal gift is retained, invested and produces interest income on an annual basis, generation after generation. Endowments are a permanent source of funding in which the principal amount stays intact while the generated interest provides a consistent stream of income to be used for the purpose designated by the donor. Only a portion of the annual investment return is available for use. The rest of the investment yield is returned to the principal, and over time, the fund grows. Creating an endowment is an excellent way to ensure your legacy at UH College of Medicine because your gift will support medical students in perpetuity.
Endowed Scholarships may be created with a gift beginning at $25,000 and may be paid for within five years. An endowment can be named for a family, company, in memory (or in honor) of a loved one or someone who's made a difference in your life. It is a permanent tribute to the person whose name it bears and a sound investment in the future.
Endowed Scholarships at these levels provide substantial resources:
- $1 Million – Tuition & Fees + Living Expenses
- $500,000 – Tuition & Fees
Faculty Endowments create chairs and professorships and are instrumental in recruiting and retaining top medical educators. They also provide resources to seed research for breakthrough discovery and innovation and to solve societal issues impacting health outcomes.
- $1 Million Minimum – Endowed Chairs
- $250,000 Minimum – Endowed Professorship