UPS Endowment Scholarship Program
Each year since 1985, ICUT Foundation Members have received grants from the CIC State Funds Endowment to provide UPS Scholarships to every private college and university in the State Fund network. The scholarships are given in the name of UPS, whose financial support was the basis for the endowment. Over the years, over $50 million have been awarded in scholarship grants to State Fund Members for the benefit of more than 18,000 deserving students at independent colleges across the country. Since 1985, Texas has received $2.248 million from the UPS Educational Endowment and has assisted 854 students. In 2013, 97% of the recipients were financially needy, 76% were members of minority populations, and 45% were first generation students.
The scholarships vary in size from year to year based on market conditions and investment returns. For the 2014-2015 academic year, 613 private colleges and universities received a $2,425 UPS Scholarship. Each scholarship is awarded to one need-based student whose background reflects one or more of the components in the target population of top priority to the UPS Foundation and to CIC’s First Opportunity Partners program.
PACCAR Scholarship Program
In 1951, PACCAR Inc. formed the PACCAR Foundation as a private foundation to direct grants to United Way, universities, hospitals and programs for the arts and education in communities where the company has a significant presence. Its largest area of giving is education.
The Foundation supports independent college organizations in several states where PACCAR has facilities and employees. The company has a large presence in Texas, especially in Denton where they located the Peterbilt division headquarters and factory. Early in the 21st century, the PACCAR Foundation began to provide scholarships to students whose institutions ICUT Foundation members.
The characteristics of the recipients of the PACCAR scholarship are identical to those of the UPS scholars. In 2013, 97% of the PACCAR Scholarship recipients were financially needy, 76% were members of minority populations, and 45% were first generation students.
Seton Family of Healthcare Grant
The Seton Healthcare Family is a faith-based, non-profit health care system founded in 1902 by the Daughters of Charity. Seton operates more than 100 clinical locations, primarily in the Central Texas region, and focuses on training the next generation of health care professionals and a workforce that reflects the community they serve. Seeking to make stronger connections with higher education institutions that are graduating health care professionals and serve a diverse student population, Seton donated $7,500 for scholarship funds to deserving students enrolled in ICUT institutions designated as Hispanic Serving Institutions (HSIs) and Historically Black Colleges and Universities (HBCUs).