Intercollegiate Athletics is committed to offering 364 scholarships authorized by the NCAA. Each year, however, mounting tuition and housing costs place greater pressures on the athletic department. Intercollegiate Athletics currently funds more than $10 million annually for student-athletes in 31 varsity sports. In such a climate, establishing endowed scholarships is one of our highest priorities.
Unlike typical philanthropic gifts, which are spent immediately to benefit the area of the donor's choice, gifts to endowments are invested and yield an annual income based on market performance. This income, which averages 4.5 percent of the endowments current value, is spent each year in accordance with guidelines set by the donor.
Forever Blue & White, allows donors to have a truly lasting impact on the program of their choice. They benefit student-athletes and coaches and create a legacy that will continue to support Intercollegiate Athletics now and in perpetuity.
If you would like more information about Endowment Giving click here.
In addition to the exceptional cost of treating routine injuries, our annual cost for treating serious injuries exceeds $2 million, a figure comprised of out-of-pocket costs (i.e., labs, tests, surgery, etc.), office visit costs and staff costs.
An increasing percentage of our student-athletes have no medical insurance, often because of low socioeconomic status, divorce, or single-parent homes. Even when student-athletes do have insurance, policies generally refuse to cover injuries suffered in intercollegiate competition. As a result, Penn State must shoulder all of their medical expenses.
For more information on Program Endowments, click here.