Support Scholarships

Donating in support of scholarships at the University of Illinois College of Medicine can help students realize their dream of a medical education and set them on course to become excellent clinical practitioners, researchers, and healthcare leaders. You can foster the promising futures of deserving and exceptional students by contributing to an existing scholarship fund or by establishing a new one in your name or the name of somebody you wish to honor.

Your Gift Can:

  • Remove tuition as a barrier to a career in medicine.
    The total cost of medical school can be up to $352,000 for an in-state UI College of Medicine student and up to $488,000 for an out-of-state student.
  • Help keep our classrooms filled with the most gifted, motivated, and hardest-working students, regardless of their financial circumstances.
    Scholarships enable a broader pool of future leaders to enroll in our programs and contribute to advancing health for everyone.
  • Allow students to focus on their studies, instead of how they’re going to pay for school.
    On average, our students graduate with a debt of $250,000. Many of these students also carry significant pre-medical education debt. This financial burden can weigh heavily on students, distracting from their studies.
  • Enable graduates to make career choices based on mission and service, not debt repayment.
    Scholarships lower barriers for students to enter less lucrative specialties such as primary care or pediatrics. Students can select specialties based on their calling and passion to serve their communities without worrying about incurring insurmountable debt.

Establish a Scholarship Fund Heading link

Option 1: Endowed Scholarship Funds

Endowments are invested and produce spendable income each year. The investment objective is to generate returns sufficient to meet spending requirements while preserving the purchasing power of the endowment over time. The fund principal is invested according to the University of Illinois Foundation (UIF) endowment policy. An annual distribution, currently set at 4% of the principal, will be awarded to a student.

A gift to establish an endowed scholarship requires a contribution of $25,000 or more and an individual gift agreement signed both by the donor and the University of Illinois Foundation (UIF). You can make your gift as a one-time payment, or you can pledge to pay over a period of time (up to five years). You can also select the timing, frequency, and amount of the installment payments. When the endowment is fully funded, scholarship awards can be made.

As an endowed scholarship donor, you will receive annual endowment reports that update you on the fund’s financial performance as well as information about the recipients of your scholarship.

Option 2: Current Use Scholarship Funds

When establishing a named scholarship fund for current use, you can immediately see your philanthropic gift in action. Expendable scholarships are awarded in the same year in which the funds are received or in the following year, depending on the annual scholarship awarding cycle and schedule. These expendable scholarship funds last until all principal funds are distributed to students. Once the fund balance is depleted, no further scholarships are awarded unless the gift is renewed.

As a current-use scholarship fund donor, you will receive an annual report with information about the recipient(s) of your scholarship.

Support an Existing Scholarship Fund Heading link

Join other generous donors in supporting one of our existing scholarship funds. Make a gift in any amount to the UI College of Medicine Scholarships Fund to benefit enrolled students with general medical school scholarship support. Or contact us for more information about funds dedicated to providing scholarship support in an area of specific interest to you.

Contact Us Heading link

Your support can make a student’s dream of becoming a doctor possible. To learn more about making a scholarship gift, please contact the Office of Advancement at:

University of Illinois College of Medicine Heading link

Office of Advancement

1747 W. Roosevelt Rd., 302 WROB, MC 792, Chicago, Illinois 60608