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Learn more
Scholarships
Professorships
Research Funds
How to create a fund
Endowed scholarships
Owen and Veronica Shaffer Scholarship
Jennifer and Kevin Opdyke Wilhelm Endowed Scholarship
The Doug Riley Family Scholarship
Professor Truman Schwartz Scholarship
Arranging your gift
Support Macalester through regular Annual
Fund contributions (our area of greatest need), gifts to special
endowment and capital funds, and by remembering Mac in your estate
plans. If you would like assistance with gift arrangements,
please contact Anthony Grundhauser, director of individual gifts at 651-696-6335 or grundhauser@macalester.edu.
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Being accessible to students from every income level is an important and valued aspect of Macalester’s character. To sustain this accessibility, the college provides exceptionally generous financial aid:
- Two of every three students receive aid, a much higher percentage than comparable colleges.
- The average award is $26,000, a combination of grant, loan and work-study funds.
Financial aid is the college’s largest annual expense and the one most difficult to control. In five years it has grown from $16.6 million to more than $25 million, or 26 percent of the 2006-2007 operating budget. This growth places pressure on other parts of the budget—faculty and staff compensation, program support and other factors that contribute to the quality of the Macalester experience. To ensure that Macalester is able to sustain both its accessibility and its quality, the college must increase substantially the number and size of endowed scholarship funds.
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An endowed scholarship established with a minimum of $100,000 generates $5,000 each year toward financial aid. Larger gifts generate more aid; a full $30,000 scholarship can be established with a gift of $600,000. |
An endowed fund provides scholarships in perpetuity, and over time the amount of support will increase as the value of the principal increases.
Macalester’s Financial Aid Office awards the income from scholarship funds to outstanding students who have demonstrated the need for financial assistance. Whenever possible, the donor is given an opportunity to meet the student recipient of the scholarship, a meaningful occasion for students and donors alike.
An endowed scholarship may be named for the donor or for someone else—a friend, family member of favorite professor, for example—to create a significant and lasting legacy.
Because accessibility is so important to the character of Macalester, and because it will take some time for the college to raise a significant number of new endowed scholarship funds, increased annual support for financial aid will continue to be among the college’s highest priorities.
How to create a fund»
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Maureen Frank helped victims of crime understand their rights and discovered her career path. 
'I'm using the skills that I have gained in the classroom to improve our knowledge of the atmosphere.'