Endowed scholarships have made -- and continue to make -- a difference in the lives of countless Siena students. Because more than 75 percent of Siena students receive financial assistance, providing ample financial aid is essential to maintaining Siena's reputation for academic excellence and value.
An endowed scholarship is an ideal way to perpetuate a family or corporate name, memorialize a loved one or commemorate a special event. It will help Siena and future generations of students while creating a lasting tribute to the donor's generosity.
The support and generosity of individuals and families, colleagues and friends, corporations and organizations, alumni and parents, is attested to by our many named scholarships.
Explore Your Other Options to make a gift to a scholarship:
Make a pledge: Please contact us at 518-783-2432 or via email and a gift officer will contact you.
Matching Gifts: Find out if your employer matches charitable gifts.
Gift Planning: Learn more about gift planning and building your legacy at Siena.
Scholarships: Learn more about creating an endowed/named scholarship at Siena.
Faculty and Staff Giving Program: Learn about the faculty and staff giving program.
Creating an endowed scholarship at Siena is easier than you might think. To start a named scholarship, Siena requires an investment of at least $30,000, payable over five years. Some corporate sponsors may establish a scholarship in the name of their business. Members of a family or group -- regardless of whether they went to Siena -- can join together to put the establishment of a Family or Group Scholarship well within reach.
An endowed Scholarship, where the investment earnings only are expended annually, is your gift to Siena students for generations. The principal is maintained intact, creating a lasting tribute to your generosity.
What happens after I decide to create a Named Scholarship?
You'll work with Siena's Development Office to establish a payment schedule, terms, and details of your Scholarship. A description of your Scholarship will appear each year in the College Catalog, which will be used by the College as the guideline in making awards to students.
Can I choose the preferences for my scholarship? Yes, depending on the level of the scholarship gift:
- $30,000 – You may name the scholarship.
- $50,000 - You may name the scholarship and the school in which the student is enrolled.
- $100,000 - You may name the scholarship, and designate a major area of study.
- $250,000 - You may name the scholarship and either the state of residency, or designate an award to a son/daughter of a particular company employee, or student enrolled in a specific program
- $500,000 - You may name the scholarship and determine the maximum financial aid impact.
Can I make additional gifts to our Scholarship Endowment after the first five years?
You may add to your Scholarship at any time. The only requirement is that the endowment must be at least $30,000 after five years.