Scholarships are funds established by individuals, families, businesses, foundations
or groups of donors to provide aid to Harper College students. The Harper College
Educational Foundation manages over 250 scholarship funds created by donors. Scholarships
may be named in someone's honor - a friend, professor or loved one. The Foundation
offers two kinds of scholarship funds - endowed scholarships and current use (unendowed).
An endowment is a permanent fund, often named for the donor(s) or other individuals.
Endowed scholarships exist in perpetuity and often grow in size. An endowed scholarship
is created with a minimum gift of $10,000. Endowed scholarships may be used for general
use scholarships or for a special restricted purpose. Endowed scholarship award amounts
are determined by the Harper Foundation investment and spending policy.
Donations can be added to the endowment at any time to grow the principal, thereby
increasing the award amount. Endowed scholarships must "sit" for one year after reaching
its established level of fund before it can be awarded Donors can make an additional
donation that can be awarded immediately during this year.
Current Use (Unendowed) Scholarships
Current use scholarships require a minimum donation of $3,000 and can be spent the
same year it is established. The scholarship allocation is dependent upon the donor's
interest and the level of donation. This type of fund does not earn interest. Additional
gifts can be added to the fund. This scholarship is terminated when the fund balance
has been fully spent and additional gifts are not received.
How are scholarships awarded?
Students apply online for scholarships through Harper’s scholarship management system.
Scholarship applications are reviewed, and the Educational Foundation distributes
these awards to student accounts. Distributions from endowed scholarships are made
according to the specified requirements of each fund. For example, an endowed scholarship
might be restricted to first generation college students or students studying a health
Scholarship donors receive a Scholarship Stewardship Report annually that gives a
financial summary of the scholarship fund for the previous fiscal year. Scholarship
recipients attend a orientation where they learn about the scholarship they have received,
and asked to write thank you notes to their scholarship donors. ;
Each spring, the Foundation hosts an event in which scholarship donors and their scholarship
recipient have the opportunity to meet and learn more about one another at the event.
Stories that Inspire
A wedding gift that changes lives
As older adults getting married, we didn't need to have a traditional gift registry. Instead, we endowed the scholarship and asked guests to donate. Now the scholarship could continue in perpetuity. We felt it was the best way to assist students while celebrating a special time.