RMHUC Scholarship Endowment Fund
The Rocky Mountain Harvard Club Scholarship Endowment Fund was established in 1954. Prior to that time, the Club collected and disbursed scholarship money locally and intermittently.
The Fund Principal now stands in excess of $160,000. This reflects the initial contribution and subsequent contributions in the intervening years, averaging over $3,000 per year. The RMHUC's annual contribution is funded partly from directed contributions to the Fund and partly from the Club's general operating funds. In aggregate, over 40% has come from directed contributions.
The market value of the Fund as of June 30, 2016 was $958,628. This represents the Fund's share of Harvard's total endowment market value.
The Fund distributed $49,852 in FY 2016 for the partial, needs-based support of Colorado undergraduates in the Class of 2020 from Craig and Pueblo.
Harvard College continues to admit students without regard to their ability to pay, and remains committed to meeting the full, demonstrated need of all undergraduates. Approximately 70% of students receive some form of financial aid, with about 60% receiving scholarship assistance. For the class of 2019, the average scholarship was over $48,000 and approximately 25% of the students come from families earning under $80,000 a year. More information is available at the Financial Aid Office's website.