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Philanthropy in this country is alive and well. Between 1982 and 1992, philanthropy has been increasing an average of 14% per year. If we look at overall philanthropy in the United States (which includes everything from Jerry's Kids for Muscular Dystrophy to United Way),

This growth is due primarily to increased stock performance in late 1989 and an increase in giving from individuals. When we think of philanthropy, we usually think of large foundations such as Ford, Rockefeller or Kellogg. The fact is, 83% of overall philanthropy in the US comes from individuals - people like you and me.

More than 15% of overall philanthropy goes toward educational funding (see Table 1). That means there is about $28 billion available from the private sector for scholarships, fellowships, grants and loans - and this is just in the United States. The international arena is just as interesting and lucrative. At National Scholarship Research Service, we have tracked another $20 billion in international funds from Australia to Zimbabwe, bringing the worldwide total to some $48 billion.

To give you another perspective on this, 54% of today's financial aid for college is from the private sector. Just as the financial aid office doesn't always advertise endowments bequeathed to the school, the private sector doesn't always make known the availability of its scholarships. It's up to you to get involved, do your research and send in your application.

The National Commission on Student Financial Assistance and the House Subcommittee on Post-secondary Education found that over one-third of available funds goes unclaimed each year - not because students do not qualify, but because they don't know that the money is available. A study performed by the American Association of Fund Raising Counsel reported that 80% of all applications to some 26,000 private foundations were either filled out wrong or were misdirected. In 1992, CEE found that $2.7 billion went undistributed. This demonstrates the problem of putting students in touch with the proper scholarship sources - and that's where our scholarship books and personalized CEE scholarship printouts can be valuable tools, indeed.


  FASTaiD 1998 CEE       All rights reserved. Do not copy or redistribute in any form.         Mail: Editor