Our goal? It’s $1.4 million—the shortfall between our financial aid budget and our students’ additional needs caused by the economic downturn. We’re committed to keeping these students at Middlebury, and the Annual Fund Financial Aid Challenge helps us meet that commitment.
Donors to the Language Schools, Bread Loaf School of English, and Bread Loaf Writers' Conference can also double the impact of their gifts. The same rules apply: make your gift for financial aid before May 31 and an anonymous donor will match up to $5,000.
Currently, the College can provide aid to only a small percentage of students enrolling in these programs. Through the challenge, you can help more students attend the College's signature summer programs.
A second anonymous donor has pledged to provide a $5,000 matching grant for every new commitment of $100,000 to create an endowed scholarship now through June 30. The goal is to create at least 10 new endowed scholarship funds.
The $5,000 will be awarded to a student in the name of the endowment donor right away, so the donor will have an opportunity to get to know a student and see the impact of his or her support immediately. Generally, people add to an endowment over several years, and the first grant cannot be awarded until the endowment reaches $100,000. The challenge enables us to provide immediate help for current students, while building an endowment.
Right now, only about 25 percent of undergraduate scholarships come from endowed scholarship funds. The number is even lower for the graduate programs. That's why the College aims to increase its financial aid endowment by $180 million through the Middlebury Initiative.
In his "State of the College" address, President Ronald D. Liebowitz recently reaffirmed that Middlebury will remain one of the few American colleges that is need blind for domestic students. And it will continue to meet the full demonstrated need for all accepted students. Your gift allows the College to admit exceptional students from all backgrounds and all over the world, eager to share their wide-ranging life experiences, interests, and viewpoints.
Learn more about financial aid at Middlebury.