Endowed Named Scholarship

American University of Armenia offers Scholarship Program Support for people who contribute to establish either an Endowed Named Scholarship or an Annual Named Scholarship. The stated purpose is to invest in talented students so they can obtain an education and advance their careers. The page also describes how donors can contribute through an Endowed Named Scholarship or an Annual Named Scholarship.

An Endowed Named Scholarship provides scholarship support in perpetuity. The principal is invested through AUA’s endowment, professionally managed by the University of California, and only the investment earnings are awarded as scholarships. An Annual Named Scholarship provides a defined amount of tuition support for an academic year, including options for full support or partial tuition assistance.

For an Endowed Named Scholarship, donors make a minimum commitment of a specified amount payable over a period up to a specified limit. The full benefit to the student is realized once the endowment principal reaches the required minimum level, while the principal is preserved and sustainable support is generated through investment earnings.

For an Annual Named Scholarship, the page states that most donors choose multi-year pledges so the student is supported from first year through graduation. Donors may also designate the scholarship to support students pursuing a specific field of study.

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• Endowed Named Scholarship: only investment earnings are awarded as scholarships, preserving the endowment principal
• Endowed Named Scholarship minimum commitment: $50,000 payable over a period of up to five years
• Full support under an Annual Named Scholarship: $6,000 per academic year
• Partial support under an Annual Named Scholarship: $3,000 per academic year
• Full benefit to the student for an Endowed Named Scholarship is realized once the endowment principal reaches $50,000

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