When Case Western Reserve offered high school senior Mengzhi Wu a Presidential Scholarship, other schools fell from favor.
Mengzhi still considered places like Emory University and Vanderbilt University outstanding, but Case Western Reserve’s investment made all the difference in his enrollment decision.
Three years later, it continues to influence him.
“The scholarship gave me a sense of pride in the institution and has encouraged a higher work ethic in me,” explained Mengzhi, now a junior biomedical engineering major. “The people who directly funded my scholarship may not ever meet me, but I have made every dollar count by fully applying my time and talents to make a difference.”
In 2012, Case Western Reserve enrolled the largest, most diverse and most academically accomplished class in its history. About 80 percent of the university’s undergraduates receive financial assistance.
Scholarships also allow the university to enroll some of the world’s most talented students.
Mengzhi, for example, plans to pursue both a doctor of medicine and a master’s in business administration after graduating in 2014. For now, he spends hours in class and the laboratory, and also finds time to tutor peers.
Establishing an endowed scholarship of $25,000 or more ensures that funds are available in perpetuity for deserving students like Mengzhi. Options to fund endowed scholarships include cash, securities and retirement plan assets. Other choices include planned gifts such as bequests, charitable gift annuities and beneficiary designations.
In addition to potential tax advantages, scholarship support provides a concrete way for donors to know they benefit others.
As Mengzhi noted, “The potential of the student will pay dividends in every accomplishment he or she will make in the future.”
“The investment in the student will pay dividends in every accomplishment he or she will make in the future.”