Endowed Scholarships
Scholarships give bright, talented students with financial need the opportunity to succeed in pursuing their dreams of a Regis degree. Regis awards more than $24 million in scholarship and financial aid to students each year, and donor-funded scholarships make an incredible impact on many of these students in need.
How it Works
A donor-named, endowed scholarship can be established with a minimum commitment of $100,000 (to be pledged and paid over a period of one to four years). The gift amount is invested in the university’s endowment, is retained in perpetuity, and cannot be spent.
The current spending policy for Regis College’s endowed funds is set by the Board of Trustees at 5% of a three-year, 36-month trailing market rolling average of the cumulative assets each quarter. This formula dictates the spendable amount on an endowed scholarship in any given year and ensures the principal is not spent.
As additional funds are added to a scholarship fund, the amount distributed will increase over time (see sample chart below)—creating an even bigger annual impact.
| GIFT AMOUNT |
APPROXIMATE FUNDING AFTER THREE YEARS INVESTED* |
| $100,000 |
$5,000 |
| $150,000 |
$7,500 |
| $200,000 |
$10,000 |
| $250,000 |
$12,500 |
| $300,000 |
$15,000 |
| $400,000 |
$20,000 |
| $500,000 |
$25,000 |
*These figures are approximate based on the Regis College Board of Trustees spending policy noted above. These numbers are not guaranteed in any given year.
Endowment Report: FY 2023
Creating a Scholarship
- Donors may establish the endowed scholarship in their own name or in the name of a family member, classmate, or friend
- The donor can determine criteria for the scholarship, e.g., for students with high academic achievement and great financial need, or for students in a specific program of study
- Donors may elect for the yearly scholarship funding to go to one student or to be split among several students
- Scholarship donors receive an annual report, and pending privacy approval from the student, information about the student recipient
- Scholarship donors are invited to an annual Scholarship Luncheon and/or virtual event, with the potential opportunity to meet their scholar
If you have questions or are interested in learning more about creating a scholarship at Regis, please contact Vice President of Institutional Advancement Staci Shea at 781.768.7048 or staci.shea@regiscollege.edu.
SCHOLARSHIP SPOTLIGHT
CAROL M. MURPHY ’60 AND DONALD E. MCCREADY ENDOWED SCHOLARSHIP
Donald E. McCready established an endowed scholarship in memory of his beloved life partner, Carol M. Murphy ’60. “From a young age I was determined to pursue higher education,” says recipient Karla Aramayo-Lopez ’20 (pictured at left with McCready on campus). “This scholarship is such a blessing to me.” Read full story.