The Presidential Scholarships
The USI Foundation's prestigious Presidential Scholarship program was established in 1988 to attract Indiana's brightest and best students to USI by making full four-year scholarships available to qualified Indiana valedictorians and salutatorians.
Today, 40 Presidential Scholars are enrolled at USI, including 10 new freshmen.These bright students are USI's academic pacesetters. They fire up the students in their classes; they are every professor's dream. Since the first Presidential Scholar graduating class in 1991, 200 Presidential Scholars have earned baccalaureate degrees, 167 (84%) with honors.
Presidential Scholarships are funded through private gifts to the USI Foundation. All contributions from individuals, businesses, and foundations are placed in restricted funds within the USI Foundation.
A gift of $200,000 will perpetually endow a Presidential Scholarship. Each endowment will be placed in a separate fund in the USI Foundation. Donors of endowed scholarships may choose the name of their Presidential Scholarship.
The commitment of an annual gift of $8,500 in each of the next four years will fund one full four-year Presidential Scholarship. Pledges may be paid in annual installments. These Presidential Scholarships may be named in honor of the donor or as a memorial tribute.
The Deans Scholarship is a merit scholarship patterned after the Presidential Scholarships, but without the Indiana residency or valedictorian/salutatorian requirement. Since the Deans Scholarship program inception, five Deans Scholarships were awarded annually to exceptional students who graduated at the top or near the top of their high school classes. Beginning with the 2007/08 academic year the number of Deans Scholarships was increased to 10 each year. An annual charitable gift of $2,000 helps underwrite each Deans Scholarship, which guarantees a full tuition award and can be named by the donor. An endowed Deans Scholarship can be established and named by the donor with a gift of $100,000.
Baccalaureate/Doctor of Medicine (B/MD) Scholarship
Baccalaureate/Doctor of Medicine (B/MD) Scholarships are awarded annually to six exceptional students who are residents of Indiana, entering in the fall as USI freshmen, scoring at least a combined score of 1800 (including writing) or 1200 (excluding writing) from one test date on the SAT or 27 composite score on the ACT, and earning a high school GPA of at least 3.5 (4.0).The scholarship offers full tuition waiver and a provisional seat in the Indiana University School of Medicine. The B/MD Scholarship program is sponsored jointly by the University of Southern Indiana and the Evansville Center for Medical Education, Indiana University School of Medicine. A total of 24 B/MD Scholars are enrolled at USI every year.
The USI Foundation provides $2,000 in private support every year for each B/MD Scholarship. A B/MD Scholarship will be named for any donor who endows a B/MD Scholarship with a gift of $100,000 or makes a four-year commitment of $8,000, payable in annual installments of $2,000.
Other Private Scholarships
An ever-increasing number of donors support bright and deserving students through the USI Foundation's private scholarship program. With over 225 scholarship funds today, Foundation Scholarship support has grown dramatically over the past 20 years -- from 273 awards valued at $92,028 in 1986-87 to more than 1,035 annual awards valued worth $1,363,395 in the fiscal year ending June 30, 2011. Donors' personal interests help determine the criteria for their scholarships, and their wishes are carried out in the administration of their scholarship. To establish a permanently endowed scholarship fund, a minimum charitable gift of $12,500 is required. To underwrite an annual scholarship award, gifts ranging from $100 to $1,000 are encouraged.