“The endowment is what gives an institution financial flexibility. It is also the principal source of scholarships and professorships."– College President Rev. Brian J. Shanley, O.P. '80
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Despite awarding more than $50 million in total College–funded scholarships and grant aid, Providence College meets, on average, only 81 percent of student’s financial need. Under College President Rev. Brian J. Shanley, O.P.’s leadership, closing this financial accessibility gap is a critical priority in the College’s strategic plan.
Consider the financial challenges for our students and their families:
The continued growth of our endowment will help ensure that the College can confidently offer admission and full financial aid to qualified students from diverse socio-economic and disadvantaged backgrounds. It will help to relieve students—and their families—of some of the onerous burden of debt faced upon graduation. This would also give graduates an opportunity to better establish themselves financially and ultimately to give back to Providence College themselves.
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During the 2014-15 academic year more than 410 endowed scholarship funds totaling more than $3.6 million benefitted 582 PC students.
Named endowed scholarship funds may be established with a minimum gift of $50,000. Scholarship designation may be based on financial need, disciplinary area such as accounting, finance, marketing, and management or other criteria.
To establish an endowed scholarship, please contact the Office of Institutional Advancement at 401-865-2414.
In an effort to bridge the financial gap, Providence College established the Torch Scholars Program in 2009. This program offers donors a unique opportunity to have a positive impact on the life of a PC student.
A donor may support a Torch Scholarship with a $20,000 gift ($5,000 grant each year) – creating a named, four-year scholarship that will be awarded to a promising student with financial need.
A Torch Scholarship could be the difference in a student saying “YES” to a Providence College education and begin a journey that will change their lives, and in turn their society, forever.
To establish a Torch Scholars Scholarship, please contact the Office of Institutional Advancement at 401-865-2414.