Sept. 22, 2011
BLOOMINGTON, Ill.— Illinois Wesleyan announced the establishment of 25 new named scholarships at its 15th annual Benefactor Dinner on Sept. 21. This event allows students to meet for the first time with donors who provided them with scholarship support.
“We are indeed fortunate to have alumni and friends of the University who have a deep and abiding interest in Illinois Wesleyan and the extraordinary young people whose lives are forever transformed on this campus,” said President Richard F. Wilson. “Today these young people need our support more than at almost any time in our history, which is why a key priority of the Transforming Lives fundraising campaign is student scholarship support.”
Among the new named scholarships announced, 10 were funded by members of Illinois Wesleyan’s Board of Trustees. All of the new scholarships and the 162 active ones named in recent years provide financial support to about 200 Wesleyan students. Named scholarships are typically designated for students with high financial need and who may have a background or circumstances that connects them with a particular benefactor.
Named scholarships are part of the $30 million in annual financial aid support provided by Illinois Wesleyan. This support touches more than nine in 10 Wesleyan students through a combination of need- and merit-based awards. The Transforming Lives capital campaign has a goal adding $30 million dollars to the endowment for students when it concludes in 2014.
The tradition of naming scholarships was first authorized by the Board of Trustees in 1893 to honor those contributing $1,000 or more. In 1895 named scholarships honoring William W. Anderson of Taylorville and Martha Elzina Cameron of Greenfield were the first recorded.
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