The future of Oklahoma State University athletics has never been brighter! Within seven years, world-class facilities will be the norm for every sport. These facilities will provide each team an opportunity to compete for championships, but this is only part of the winning equation. Just as important is the annual budget given to each sport, which provides scholarships, travel, academic support, strength & conditioning, housing, food, etc. In an effort to ensure that all of our sports are competitive, the OSU Athletic Department is initiating a fundraising campaign to fully endow all scholarships.
The total number of scholarships given to student athletes each year is 229 at a cost of $4,580,000. The goal is to fully endow these scholarships by 2016.
Currently, a full scholarship costs approximately $20,000; therefore, it takes $500,000 to endow each scholarship using a spending policy of 5%. Excess earnings will be reinvested, allowing the principle to grow at a rate covering future scholarship cost increases. The donor has five to ten years to fund the endowment depending on the scholarship selected; the 5% spending allowance will not be applied until one year after the scholarship pledge has been paid in full.
With his unprecedented gift of $165 million to OSU Athletics in 2005, Boone Pickens provided the means to create first-class facilities for all Cowboy and Cowgirl sports programs. Invested with BP Capital, Pickens' private investment firm, this gift continues to grow at a strong rate. Gifts to endow athletic scholarships will also be invested in this fund. Mr. Pickens has generously agreed to waive all fees associated with athletic investments.
Your generous gift to OSU in the form of a scholarship endowment will establish your legacy for future generations at Oklahoma State. To provide greater opportunities for people to participate in this historic fundraising campaign, three prominent donor categories have been created.
|Position Scholarship Endowment ($500,000)|
|This gift opportunity allows a donor to name a scholarship for a specific position on the Cowboy or Cowgirl team of his or her choice. Associated earnings will cover the full scholarship cost for the student-athlete in a specific sport. The endowment will be forever named in honor of the donor, donor's family or another individual designated by the donor. This gift will fully endow the scholarship and is payable over five years.|
|Team Scholarship Endowment ($250,000)|
|With this endowment gift, the donor will name half of a scholarship on a Cowboy or Cowgirl team of his or her choice. Associated earnings will cover half of the scholarship cost for the student-athlete in a specific sport. The endowment will be forever named in honor of the donor, donor's family, or another individual designated by the donor. This donation is payable over five years.|
|First Quarter Scholarship Endowment ($125,000)|
|The donor of this endowment gift will name a partial scholarship on a Cowboy or Cowgirl team of his or her choice. Associated earnings will cover the partial scholarship cost for an OSU student-athlete in a specific sport. The endowment will be forever named in honor of the donor, donor's family, or another individual designated by the donor. This donation is payable over ten years.|
Note: Any scholarship endowment pledged prior to December 31, 2011, will be guaranteed at the donation levels above.
cholarships are the lifeblood of an athletic department. Involved donors will help the department guarantee scholarship funding for Oklahoma State student-athletes in perpetuity. Supporters who "Cowboy Up" for this cause will join other generous donors in providing a bright orange future for all OSU varsity sports.
There is a special opportunity to leave your legacy with Oklahoma State University and secure the future of our athletic programs. To learn more about the Endowment Scholarship program and how you may contribute, please call the numbers listed above or 877-OSU-ATHL.
Associate Athletic Director - Development
Director of Development