UConn Foundation Launches $150 Million Student Support Initiative
The Board of Directors of the UConn Foundation endorsed a five-year, $150 million fundraising initiative last week that will double the amount of financial support—including merit and need-based scholarships—that the Foundation raises for the benefit of the UConn student body.
Foundation President Josh Newton said the funds, which will include merit and need-based scholarships, will be necessary to ensure that financial aid is available for a student body that is expected to grow by 6,580 students — a 30 percent increase — over the next decade.
“As we add all these students, the burden on the state budget to continue to provide for financial aid is tough,” Newton said. “I think philanthropy can and will play an increasingly important role in making UConn affordable and accessible.”
Read the full article in The Hartford Courant as well as the Foundation’s press release to learn more about this exciting new initiative.