On July 1, 2022, the first day of fiscal year 2023 (FY23), the Wichita State University Foundation will increase endowed scholarship support for WSU students by $373,756 over the current year, thanks to those who give philanthropically to Wichita State and to the Foundation’s strong investment performance.
Additionally, non-scholarship endowed fund payouts raised through private donations will increase by $160,721. These types of funds typically support student and faculty programs and entities such as the Ulrich Museum of Art and WSU Athletics, among other programs and projects.
Overall, the projected payout from endowed funds to the university will be $8.7 million, an increase of 6.2% compared to FY 22, which ends June 30, 2022. This amount does not include support from current funds, which are philanthropic contributions earmarked for immediate use rather than invested in an endowment that will produce annual awards in perpetuity.
Of the $8.7 million payout, endowed scholarships represent $4.2 million.
“As we celebrate Thanksgiving, this is a fitting time to express gratitude to all who support Wichita State through their philanthropy,” WSU Foundation president Elizabeth King said. “Because of their generosity, our students are receiving more scholarship support and every area of campus will see a funding increase next fiscal year.”