Your Scholarships, Their Future: By the Numbers


Your Scholarships, Their Future: By the Numbers

Income, Expenses and Endowments: How They Work Together

The university’s revenue—$2.87 billion last year—comes from several sources, with tuition and fees and grants and contracts being the top two. State appropriations accounted for just 12% of MSU’s revenue.

MSU draws on its revenues for instruction and research to keep facilities running and, among other things, to provide aid to students. For the 2019-2020 school year, Michigan State budgeted $164.9 million for financial aid for students.

To help the largest number of students, MSU cannot rely on tuition revenue alone.

During the Empower Extraordinary campaign, donors contributed $483 million for scholarships—enough money that if every dollar were immediately available and pooled in one place, it could be divided into 3,500 new scholarships of $5,000 each. 

These scholarships are already having a tremendous effect on students, but there is more to be done, especially as the university and the world at large venture into uncharted territories during these unprecedented times. Privately funded scholarships will allow Michigan State to continue to take care of its own by directly addressing the needs of students as they arise.

An endowment gift of $100,000 is made in 2011
Initial year of gift.
Provides $52,000 in scholarship funding
By year 10 of funding.
By year 10 provides more than 10 $5000 scholarships
Initial gift funds scholarships for 10 students.
The initial investment grows to $103,000 by 2021.
The fund continues to grow.

Read on…

You’ve seen the numbers, but what about the human side of a scholarship? We cover all of that, and more, in a five-part series on how philanthropy is essential to re-shaping the student experience, and leveling the playing field for all who seek an education.