Bernard Osher Foundation $1 Million Grant Endows Reentry Scholarship at Reed College
“As an institution, we believe the pursuit of Reed’s academic goals are advanced by ethnic, racial, and social diversity. This endowment will help us build on the advancements we have made in these areas in recent years.”
PORTLAND, OR (October 3, 2008)--With a $1 million contribution to Reed College, the Bernard Osher Foundation has endowed the Osher Reentry Scholarship. Reentry scholarships are awarded to talented students between the ages of 25 and 50 who are working to complete their first bachelor’s degree. The scholarships replace existing student loans for undergraduates who are entering or returning to college after a five-year interruption in their academic pursuits.
The Osher Foundation made successive $50,000 gifts, assisting six students in 2006--07, and eight in 2007--08. This year’s $1 million donation will permanently endow the scholarship, and assist in reducing the amount of debt that qualified students will accrue in completing their degrees.
The scholarship recipients have been active as peer mentors, in student government, and as tutors in the writing center. “Age and experience play an important role in creating a diverse community of learners,” said Lisa Moore Reed’s assistant dean for multicultural affairs. “As an institution, we believe the pursuit of Reed’s academic goals are advanced by ethnic, racial, and social diversity. This endowment will help us build on the advancements we have made in these areas in recent years.”
The scholarships are awarded by the admission staff based on academic performance, and the financial need of qualified applicants. The scholarships have already helped several recipients through to graduation. The Reed faculty recently endorsed a plan to annually enroll a minimum of 30 transfer students; the endowment will likely play a role in helping to retain those students.