How to support students through scholarships
Join us in creating transformational leaders in health care
NEOMED is a community-based, public university that trains health professionals and medical researchers in a team-based, interprofessional environment. Most of our students come from and return to serve Ohio, a region with nationally ranked hospitals, research companies and institutions of higher education that are thriving in the health sciences.
You can make a difference in the lives of our students and the future of health care. By donating to student scholarships at NEOMED, you can help reduce the financial burden of education and enable our students to pursue their passions and goals. Your generosity will also support our mission of bringing wellness and access to health care to the medically underserved in Ohio and beyond.
Please join us in lifting the University to greater heights by investing in our students today. Your donation will help us create transformational leaders who will shape the health care landscape of tomorrow.
Types of scholarships
There are two types of scholarships at NEOMED, Endowed Scholarships and Operating Scholarships. The primary differences between the two are cost and the permanency offered by an endowed fund.
An Endowed Scholarship buys into the University endowment and is invested in perpetuity. Only the interest from the fund is used for scholarship awards; the principal remains intact. The endowed funds spending rate is approved by the NEOMED Foundation Board. Currently it is 4.25% percent. As a result, a $50,000 endowed scholarship fund earns $2,125 a year. The earned income is used for scholarship awards.
An Endowed Scholarship fund requires a minimum investment of $50,000.
An Operating Scholarship, a non-endowed fund, uses the capital donated in its entirety and does not generate interest over time. When an operating scholarship fund has been spent according to the donor’s wishes, the fund and the scholarship cease to exist.
An Operating Scholarship fund requires a minimum investment of $25,000.
Questions?
Contact the Division of Advancement to speak with a member of the development team about establishing a scholarship at Northeast Ohio Medical University. We would be happy to help you or answer any questions you may have.
330.325.6662 | philanthropy@neomed.edu
Scholarships requirements
- Scholarships can be funded over five years or through an estate gift.
- Scholarships can be named after the donor or in honor or memory of an individual.
- Scholarships can be restricted to provide support to students in a particular College and based on the following criteria: academic merit or financial need.
- Scholarships are awarded to students by NEOMED administrators, faculty and scholarship award committees.
- Pursuant to IRS regulations, donors are prohibited from selecting scholarship award recipients.
- To make a charitable gift, donors must give up all rights to the property or cash given.
Questions?
Contact the Division of Advancement to speak with a member of the development team about establishing a scholarship at Northeast Ohio Medical University. We would be happy to help you or answer any questions you may have.
330.325.6662 | philanthropy@neomed.edu
FOR STUDENTS
Thanks to the generosity of donors, we offer a range of need-based and merit scholarships.
Contact
NEOMED Advancement,
NEOMED Foundation
330.325.6662
philanthropy@neomed.edu
OUR STAFF
Search the directory for an Advancement staff member.
Division of Advancement
