UNIVERSITY OF WISCONSIN River Falls
March 15, 2018--The University of Wisconsin-River Falls Falcon Scholars Endowment Challenge has raised $1.7 million for the university’s signature scholarship program.
Five major donors challenged the UW-River Falls Foundation to raise funds for Falcon Scholars. The foundation raised $862,000, which donors increased to fund a total endowment of $1.7 million.
The added funding was made possible by the support of donors Greg, ’83, and Donnette, ’84, Wheelock; Arlin, ’58, and Marilyn, ’56, Albrecht; and the estate of Wayne Peterson, ’57. More than 125 other donors shared in their vision of endowing the Falcon Scholars program.
The annual income from the new endowment will support about 70 annual Falcon Scholar awards in perpetuity. This amounts to nearly one-third of all the university’s Falcon Scholars at any given time.
“The completion of the Falcon Scholars Endowment Challenge will provide significant support for the university’s most important scholarship program,” said Chris Mueller, assistant chancellor of University Advancement and president of the UWRF Foundation. “While there is still a need to fully endow the program, this is an important step to ensuring Falcon Scholars will continue for generations to come.”
Each year, university officials select 60 qualified incoming freshmen for the Falcon Scholars program based on academic performance, leadership qualities and their performance in the competitive application process. Falcon Scholars receive $1,000 per year for four years and a $2,000 stipend from student differential tuition funds to participate in undergraduate research or study abroad in their junior or senior year.
"Providing scholarship opportunities for incoming freshmen is a key priority for the university,” said Chancellor Dean Van Galen. “I am grateful for our successful partnership with the UWRF Foundation in establishing the Falcon Scholars program as a distinctive opportunity for current and future UW-River Falls students."
When officials created the Falcon Scholars program in 2012 as part of the Rising to Distinction comprehensive campaign, the Albrechts provided half of the funding needed for the program’s first four years as a challenge to other donors -- known as the Albrecht Challenge for Falcon Scholars. The current Falcon Scholars Endowment Challenge began in 2015 after the completion of the Albrecht Challenge. As of January 31, donors have contributed more than $2.5 million to the program.
Retention rates of Falcon Scholars from first-to-second-year and first-to-third-year are 12-15 percent higher than their freshman peers. In addition, Falcon Scholars have shown a higher rate of participation in campus activities and organizations than other UWRF students.
For more information about the challenge or to donate to the program, contact Chris Mueller at 715-425-3545 or email@example.com.