Ferris Futures Scholarship Challenge

You Hold the Key. . .

Help us build an unprecedented $36-million resource that will provide $1.5 million to help Ferris students each and every year. Participants in this challenge will see the impact of their giving doubled. For example, a $12,500 gift results in a $25,000 scholarship endowment.

Please join your fellow alumni and friends in creating the historic Ferris Futures Fund. Your generosity is key.

Frequently Asked Questions About the Ferris Futures Scholarship Challenge

  • The match begins July 1, 2016 and ends June 30, 2023. Endowments are to be fully funded (at least $25,000) by June 30, 2023. Gifts and pledge payments received after this date will not be eligible for matching funds. Pledges that remain unfulfilled for a year will trigger the release of any encumbered matched funds. Endowments not fully funded by June 30, 2025 will be re-directed into a general (not named) scholarship endowment.  

  • The Challenge provides a dollar-for-dollar match on a first-gifted, first-served basis. Pledges will be matched as cash payments are received. Eligible gifts and pledges will commit match funding in the order received up to $3 million per year for six years.

    In order to ensure that a wide audience of prospective donors has the opportunity to double the power of their contributions, we will encourage scholarship donors at the $500,000-level and over to consider matching challenges of their own to foster giving to particular programs. (Consider, for instance, the power of a two-to-one match).

  • The minimum gift to establish an endowment is $25,000. With the matching program, your contribution of $12,500 will be matched with a contribution of $12,500 from The Ferris Foundation to establish an endowment.

  • Eligible gifts begin accruing investment income immediately. The matched amounts will be deposited into the endowment on a monthly basis.

    Donors will be recognized at a level that include both the gifted and matched funds.

  • The matched funds are available for endowed scholarships to all Ferris State University colleges and Kendall College of Art and Design that meet the following core criteria:

    • Undergraduate students or students in the College of Pharmacy and Michigan College of Optometry
    • Unmet Financial Need
    • Minimum ACT 21/or SAT 960*/1040** and Minimum HS GPA 3.0 for incoming students; or Ferris cum GPA 2.75 for continuing Ferris students
      • *Critical Reading and Math total SAT score prior to March 1, 2016
      • ** Evidenced-Based Reading and Writing Section and Math Section SAT score after March 1, 2016
    • Full time enrollment required (minimum 12 credits per semester)
    • Award Amount Varies: $500 - $5,000

    Criteria for continuing Ferris students and conditions for renewing scholarships:

    • Maximum of four years with at least a 2.75 Ferris cum GPA, given funding availability
    • Unmet financial need
    • Meeting Financial Aid satisfactory academic progress

    Donors have the option to specify one additional criteria , selected from one of the following:

    • Program (if no students from the program are eligible, the scholarship award will default to the college)
    • First generation student
    • Student Athlete (Administered/awarded by the Athletics Office)
  • Gifts of at least $1,000 annually to established scholarship endowments will be matched.

  • Criteria from existing annual scholarships will be honored when establishing an endowed scholarship.

For more information and qualifying details, please contact:

Kim Erickson at (231) 591-2365 or by email at [email protected]