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Clearly Furman raises $133.5 million for scholarships, academics and teaching

Vanessa Amasi ’26, left, talks with Tu Duong ’27 during the Research and Internship Poster Presentations as part of the Engaged Learning Expo in the Trone Student Center on Oct. 7, 2023.

Last updated January 2, 2024

By Furman News

Furman’s alumni and friends have provided $133.5 million toward student scholarships, academic programs and teaching excellence through Clearly Furman, the Campaign for Our Third Century, the university’s historic comprehensive campaign, which concludes in 2026. The amount represents a 46% increase in funding provided for scholarships since the campaign’s inception, demonstrating the tangible impact of donor gifts on to the university’s greatest campaign priority.

The funding initiative, Inspire Minds Where They Meet, has several priorities, including endowed scholarship funds, endowed professorships and faculty development.

“Gifts of endowed scholarships alleviate pressure on tuition revenue and can begin to close the significant gap we face every year with unfunded financial aid,” said Susan Maddux, vice president for finance and administration. “I am pleased to see that our donors have created more than 150 endowed scholarships in this campaign.”

The Partners Program

Scott Pyron ’60 was a faculty member from 1966 to 1976, chairing the chemistry department at Furman before achieving a distinguished career with foundations supporting scientific research. Inspired by Pyron’s work and his wife Debra’s experience as a first-generation college student, the Pyrons invested in an endowed scholarship to support first-generation Furman students that will provide a $10,000 scholarship in perpetuity. They are also making annual gifts that will ultimately provide three additional first-generation students with $10,000 each year in financial aid.

“The Pyrons’ investment in Furman’s scholarship program goes to the heart of this campaign and will support the next generation of Paladins,” said Furman President Elizabeth Davis during a Clearly Furman campaign event in Atlanta this past September.

Inspire Minds Where They Meet (academic scholarships)

In the Partners Program, started 25 years ago, a donor can fund an annual or endowed scholarship. An annual scholarship, starting at $5,000, is committed over four years. Donors make their gift annually to be awarded to a student for the length of the donor’s four year commitment. An endowed scholarship is also a multi-year commitment. The donors gift is invested in Furman’s endowment to provide a scholarship in perpetuity based on the earnings growth.

There were 705 full or partial scholarships actively awarded during this campaign; 299 are annual and 406 are invested in the endowment, and the earnings are awarded annually.

Since the start of this campaign, donors have created 329 partial or full scholarships; 174 are annual and 155 are invested in the endowment, and the earnings will be awarded annually.

How can I contribute?

An endowed fund provides scholarships to improve the lives of students and establish support for future students. Each endowed gift will transform lives in perpetuity.

Furman offers two types of Endowed Scholarships to students through the Partners Program:

  1. $100,000 (payable over 3-5 years). Students qualify by demonstrating financial need.
  2. $250,000 (payable over 3-5 years). Students qualify by demonstrating financial need and meeting one of the donor’s interest groups, for example by geographic location, field of study and major or minor.

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