The UNIVERSITY CLUB SCHOLARSHIP Fund

The Scholarship Fund of The University Club is an endowed scholarship fund managed for us by The University of Iowa Foundation. They have proven to be excellent managers of our funds, producing around $2000 most years for scholarships for female graduates of Iowa high schools, with high academic records and a proven need for assistance. The UI Financial Aid office makes the final selection of our recipients. Many of you were able to meet our two talented recipients last year at the October and November luncheons. Their acknowledgements of thanks were printed in last winter’s Clarion. Each student initially received $1000 from our endowment and then an additional $500 each from the Fall Fair raffle. Did you know that an Iowa resident tuition/fees alone is now $7,765 per academic year? Many of us remember when it was $620 in the early 1970s. Now add in room and board, at least $500 per semester for books, more for spending money and transportation. The estimated “Cost of Attendance” for the 9 month academic year at UI is $21,120. These costs continue to increase every year. This is why we must continue to add to our endowment fund. The need for Iowa women to be well-educated is more important than ever; the need for financial assistance to achieve their goals is never going away. Our 2012-13 recipients, and the amount they will receive, have not been determined at this time. They will be introduced in the winter Clarion. It’s not too soon to plan to make your donation to our fund. The honor roll of the 2011-12 donors appears in the Yearbook. There are only 77 names on it, out of a club of over 700 women! Is your name there? You can see that many donated for the first time while others have donated repeatedly. My goal is to increase the percentage of members who are donating, not necessarily the amount of each donation. There is no “expected” amount to donate. Many members are giving $5 or $10 per year. All of these donations together add up. Our fund has been in existence for twelve years and together we have donated over $80,000. That is an impressive amount but we can do more with your participation! Donations may be dropped off at the Scholarship table at Fall Fair or mailed with the donation form located on page 19 of this Clarion. I’m looking forward to another successful year.

 Kathy Maxwell, Finance Chairperson, 2012-2013

 
The University Club Scholarship Fund
Kathy Maxwell, Finance Chair
24 Eastview Place NE
Iowa City, Iowa 52240-9140