The university started a fundraising campaign in 2014 called “Full Speed to Full Need” with the goal of raising $85 million. The fund is currently at more than $74 million. University officials hope to reach the goal by next year.
The endowment has helped over 180 students.
Tuition for the 2018-19 academic year at the Appleton university will cost almost $58,000
About 20 percent of the university’s students receive Pell Grants, a federal program for students with financial needs.
Endowments like this are usually found in larger schools. Lawrence University President Mark Burstein said the students at Lawrence, usually get financial aid of one sort or another.
Lawrence University is part of an organization known as the American Talent Initiative, which aims to help 50,000 low- and moderate-income students graduate by 2025.
