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GW Launches Power and Promise Fund
In a letter to the GW community, President Knapp details a fund that will enable the University to honor its pledge to quadruple philanthropic support for student aid.
December 14, 2009
To the George Washington University Community:
For nearly two centuries, The George Washington University has been realizing its namesake’s vision by educating citizen-leaders in the nation’s capital. Today we prepare leaders not only for the nation but for the world. At the core of this mission is our dedication to ensuring that a George Washington education remains accessible to all who are qualified.
In 2008, we pledged to quadruple the dollars raised for undergraduate, graduate, and professional student aid. As the latest step in fulfilling that pledge, I am pleased to announce the establishment of the George Washington Power and Promise Fund, the tangible symbol of our commitment to the power of education and the promise of tomorrow’s leaders. This fund will ensure that qualified students, regardless of their financial resources, can take full advantage of a GW education. It will also help us reduce the loan burdens of our graduates so the cost of their education will not limit their ability to make their mark on the world, regardless of the professional paths they choose. Now, more than ever, we need the educated and engaged global citizens this university is known for producing.
Student aid is especially critical during this time of continued economic uncertainty. Two-thirds of our undergraduates receive some form of financial aid. This fall, we received more individual requests for increased aid than during the entire previous academic year. To meet this increased need and to stay on track in building the Power and Promise Fund, we have set an ambitious goal this year of raising $18 million for student aid.
I have talked with countless students and alumni who say without hesitation that they could not have attended George Washington without the help of a scholarship provided by a generous donor. You can read about our scholarship recipients and donors in the latest edition of GW Magazine.
Particularly in this season of giving thanks, I remain grateful for your continued support and ask you to join in enhancing access to a George Washington education for the citizen-leaders of tomorrow. They come here to make a difference, and, with your help, they really will change the world.
Please visit our Web site to learn more about the George Washington Power and Promise Fund.