Scholarships

With growing numbers of students and shrinking state support, Utah Valley University depends increasingly on scholarships funded by donors. For the 2018-2019 school year, the University was able to award nearly $1.7 million in private scholarships to UVU students. However, these funds supported only 1,061 of the more than 10,000 students who applied for assistance.

UVU is committed to meeting the higher education needs of the region and to providing every student with an outstanding educational experience. The University aims to provide financial assistance to every student with demonstrated need. You can help support a UVU student by making a donation of any size to scholarships.

Give to a Scholarship

Scholarship Types

Annual (general)

When you make a gift of any amount to the Foundation Scholarship Fund, it is combined with other donor gifts to support students.

Annual (named)

A named annual scholarship can be established with a total donation of $25,000, which may be paid over a period of up to five years with minimum payments of $5,000 annually.

Endowed

An endowment gift of $40,000 provides an annual scholarship award of $1,600 in perpetuity. An endowment gift of $50,000 provides an annual scholarship of $2,000. A $150,000 endowment gift provides a deserving student with an annual full-tuition-and-fees scholarship.

Have more questions about endowed scholarships?

Q: Where is the money invested?

A: The UVU Foundation currently uses a very traditional endowment investment model that consists of a 70%-30% split between equities and fixed income strategies. The portion of our portfolio that is in equities is managed with Merrill Lynch and KeyBank. Both investment groups strive to maintain a portfolio managed across a variety of public equities. These funds are benchmarked, and our performance is managed accordingly.

The fixed income portion of our portfolio consists of loans to the University. This allows the University to have access to funds without having to bond, while providing the Foundation a guaranteed revenue stream. This also fulfills the Foundation's mission to support the University. These rates are in the 5-6% range.

The Foundation anticipates further expanding our portfolio to better reflect those of our peers across the country. This would include the addition of assets in energy, commodities, and private equity fund of funds.

Q: How will you deal with inflation and zero interest rates?

A: As is the case for most university foundations, the UVU Foundation typically holds a payout rate of approximately 5%, even during periods of higher interest, in order to help build the corpus of an endowment. The UVU Foundation's portfolio is currently bolstered by a significant portfolio of loans to the University, which are being paid at above 5%. The performance of the endowment and the yield of individual funds are regularly reviewed. If, during the annual review, it becomes clear that the agreed disbursement for an individual fund is no longer covering the cost of the donor's intent, the Foundation will proceed as follows:

  • If the donor is still alive, the donor will be contacted to ascertain how to proceed.
  • If the donor has passed away, the funds will be held until they reach the level of disbursement previously chosen by the donor, such as full tuition, half tuition, tuition and books, etc.

Most endowments are established with the potential for inflation in mind and ensure that sufficient principle exists to lead inflation for the foreseeable future. However, during times of a low or zero interest rate, the Foundation may choose to freeze all endowment payouts, ensuring that the corpus is preserved. Once rates rise sufficiently to allow for the agreed-upon disbursements, the endowment resumes normal operation.

Q: Are there overhead costs associated with establishing an endowment at the UVU Foundation?

A: No. With the exception of real estate gifts used to create an endowment, the University and the Foundation pay all costs associated with administering and handling endowments.

Q: What does "needy student" or "high GPA" mean?

A: At UVU a student who qualifies for federal Pell Grants is considered needy. The federal formula determines a different cutoff amount for each student, depending on each student's personal circumstances, such as parent's income, student's and student's spouse's income, children in the household, medical situation, assets, etc. If it is determined that students are at or below the poverty level, they qualify.

The University's incoming students have averaged a higher GPA each of the past several years. Therefore, merit is determined on a sliding scale. Whether a freshman student qualifies for a merit scholarship is determined by a grid that changes each year. The grid balances both high school GPA and entrance exam scores. The grid can be reviewed at the link below.

Academic Merit Scholarship Grid

Q: When does a student declare a major?

A: All students declare majors at the time of their acceptance to UVU.

Q: What is the typical cost for tuition and books?

A: Undergraduate tuition for fall 2019 amounts to $2,863 per semester for a full-time student. Books currently cost an estimated $700 per year. Tuition changes but can be reviewed at:

Tuition and Fees PDF

Flexible Scholarship Endowments

If it will take three to five years to build an endowed scholarship, donors may wish to provide sensible funds for immediate use while the endowment is building.

Maia Hender
UVU Presidential Scholarship

I plan on studying aviation sciences to become a pilot for the military. My family is so proud of me for earning this scholarship. My degree will help me experience a different life than I have ever known.

Toni Huber
Woodbury Corporation End Scholarship

I have a goal to spread financial literacy throughout the country by giving seminars, visiting high schools, etc., which I have already been doing as a financial coach in the Money Management Resource Center at UVU. Last year I received my first academic scholarship. When I got the news, I cried. It has been one of the biggest blessings in my life.

Griffin Kerr
Blaine P. and Louise C. Clyde Endowed Scholarship

I am incredibly grateful for this scholarship. I was working 50 hours a week this past summer, and I’d saved enough to pay for tuition, but it was going to be hard watching it all disappear in a week.

Ways to Give

Give Online

You may direct your gift to many areas in need throughout campus, including these Institutional Priorities:

Give Now

Mail a Check

Make your check payable to:
UVU Foundation

Send it to:
800 University Parkway,
MS 111,
Orem, Utah 84058

Stocks & Bonds

Stock and bond gifts are welcomed if they are listed on an exchange daily, regularly traded in over-the-counter markets for which published quotations are available, or shares of a regularly reported mutual fund. For more information about making gifts of stocks or bonds, contact Institutional Advancement: