Frequently Asked Questions
Named Scholarships are established by donors to provide undergraduate financial aid funding to Penn students. These scholarships help the University to offer grant-based financial aid to students. Most Named Scholarships are endowed and are awarded to students in perpetuity. Term scholarships may also be established. All scholarships are need-based and are part of a student’s financial aid package.
Gifts may be made in cash, as well as in other forms such as securities, real estate, and personal property. Pledges may be paid over five years.
Future commitments in the form of annuities, bequests, trusts, and retirement plan contributions can also be made.
Scholarship gifts are tax-deductible for U.S. and Canadian taxpayers. Additionally, taxpayers in Hong Kong, the United Kingdom, and some other European countries may be able to make tax-efficient (or “tax-advantaged”) scholarship gifts.
Not a day goes by where I am not thanking my lucky stars that I have such wonderful people supporting my future, and I hope to one day pay it all forward.