Right on the heels of a major scholarship announcement this week, Emporia State University is detailing an increased earnings allocation on its endowment as a way to provide more help to students.
ESU Foundation says it increasing its earnings allocation to 4 percent, leading to a $4.1 million allocation — the largest dollar allocation amount in university history and an increase of almost $440,000 from last year. Over 75 percent of the allocation, involving the 2024-25 academic year, is earmarked towards scholarships to increase opportunities for students across the university.
The allocation increase follows the Foundation Board of Trustees’ decision last year to commit $3 million in unrestricted funds for the university to use as needed this year and the next two academic years. That money is being used to support on-campus projects like construction of the new Student Nursing and Wellness Center, scholarships, recruitment and retention programs and summer BRIDGE programs.
This also comes as Emporia State is nearing the end of the Together, Forward fundraising campaign that has a stretch goal of $75 million. The campaign ends New Year’s Eve and passed $55 million raised in 2021.
ESU announced the Jones Premier Scholarship, a full-ride opportunity for education and nursing majors living in Lyon, Chase and Coffey counties, earlier this week.
