Earlham Receives $1M Gift for Scholarships

I saw this on the Earlham website.

Maybe they will be giving out more aid?

http://www.earlham.edu/news/article/?id=43831&r=40315

Wow! Terrific news!

Yea!! Really love this school!

Earlham in indeed awesome and such huge donation proves it !

yay! It’s a terrific school, I hope the donation will help them admit more students :slight_smile:

I know $1 million seems like a lot of money, but it does not translate to what people think. Generally speaking, a school can draw about 5% per year from an endowed fund … so it adds maybe $50,000 per year to the school’s scholarship fund. As I say when our development office gets excited about a big check, “Every little bit helps - but keep working to get more, because that big check isn’t as big as it seems.”