Named Scholarships

Nusing student Tia Romain

How To Help

The MUSC College of Nursing raises philanthropic funds to address the dire shortage of nurses. But we cannot do it alone. We need your help.

Why Support

  • Reduce cost as a barrier to a career in nursing.
  • Aid South Carolina in alleviating a dire nursing shortage and addressing the health care needs of the state.
  • Over 80 percent of MUSC College of Nursing students require financial aid to pursue nursing. Because two thirds come with a previous bachelor’s degree, they are ineligible for traditional federal and state financial aid.
  • Average incoming debt level is $40,000.
  • Findings show that nurses from diverse backgrounds represent only 16.8 percent of the RN workforce. Data shows that diversity in nursing is extremely important in reducing health disparities nationally.

Establishing a named scholarship

Minimum for Endowed Named Scholarship is $50,000 over five years.

  • An endowment is a permanent fund at MUSC that generates an annual payout.
  • Once the named scholarship reaches the $50,000 minimum, the MUSC Foundation allows the fund to “mature” over two years or until it has reached 8 percent earnings, whichever comes first. We recommend establishing a temporary expendable fund until the endowment begins paying out at the desired scholarship award level.
  • Multi-year cash gifts, transfer appreciated assets, and IRA contributions are all popular methods of giving to build endowments.

Minimum for a Named Expendable Scholarship is $10,000 over five years.

  • These funds will be depleted within five years unless additional gifts are made.

How To Help

The MUSC College of Nursing raises philanthropic funds to address the dire shortage of nurses. But we cannot do it alone. We need your help.