Catholic University of America receives grant for scholarships
May 21, 2013
Without steady funding, it is very hard for universities to give students access to scholarships. Sometimes the money simply isn't there, while other times funds have to be diverted to construction, new initiatives and other projects. But it's a vicious circle - if people aren't receiving money, they may not go to the school and won't donate funds once they become alumni down the road.
Administrators at the Catholic University of America's School of Nursing don't have to worry about this. The college recently received the first installment of a $4 million grant from the Bedford Falls Foundation Charitable Trust, which will be put toward creating new four-year scholarships. The total will be given to the university over the next four years.
"This very generous grant from William and Joanne Conway's foundation will affect the lives of thousands of patients," Dean of Nursing Patricia McMullen explained. "The grant will significantly increase the number of students pursuing a Bachelor of Science in nursing degree."
The foundation has long been involved in providing funds for charities in a number of industries. In 2011 alone, Bedford Falls donated nearly $2 million, according to Foundation Center.
Organizations that are providing funds for multiple nonprofit programs might find it easier to manage their large-scale efforts with fundraising management programs that can account for funds as they are disbursed to recipients.