Scholarships for Continuing Education
YUWO Scholarships for Continuing Education, our most widely supported service project, continues and grows. Scholarships are designed for women of the Yale Community* who wish to resume studies, after interruption or delay. For more information about eligibility and application procedures, click here. (Please note that applicants MUST be members of the Yale community in order to be eligible to apply for these awards.)
Since 1972, YUWO has awarded 270 scholarships, totalling $243,400.
Support for the YUWO Scholarship program comes from contributions to:
- the Annual Scholarship Fund*
- the Scholarship Trust Fund*
- the Magee Fenn Fund*
- the Gustave and Carol Lynn Sirot Fund*
Contributions are welcomed at the Wine and Cheese Reception and with activity registrations, or they may be sent to:
|
Memorial contributions may be made, and special family/friend occasions (birthdays! anniversaries!) may be honored. All donations are publicly acknowledged.
(*Federal tax regulations prohibit YUWO grants to YUWO members.)
Many Funds … One Cause
Members and friends sometimes wonder why YUWO has four separate funds, instead of just one, to support its Scholarship Program. All contributions are used to provide Scholarships for Continuing Education for women in the Yale community, but each fund has a special purpose.
The Annual Scholarship Fund
Contributions to the YUWO Scholarship Fund are distributed, whenever possible, to scholarship winners in May of the academic year in which the monies are contributed. After the annual luncheon, the fund stands close to zero and starts to build again as members and friends send in contributions throughout the year.
The Scholarship Trust Fund
Contributions to the Scholarship Trust Fund remain in the Trust Fund in perpetuity and only the interest from the fund may be distributed annually to scholarship recipients. If the interest is not used for a scholarship award in any given year, the money is added to the principal and remains permanently in the Scholarship Trust Fund.
The Trust Fund was established in 1977 to ensure that, in good years or bad, some funding would be available for scholarship awards. The Trust Fund was established with a $400 grant from YUWO’s general fund, and has grown through the intervening years from additional contributions made by individuals and the general treasury, as well as from accumulated interest on these funds. Today, the Trust Fund stands at $32,564. In 1998, these funds were transferred to the Greater New Haven Community Foundation for investment.
The Magee Fenn Scholarship Fund
A Magee Fenn Scholarship is awarded each year from the fund that was established to honor the life and work of Magee Fenn, who was the first chair of YUWO’s Scholarship Program. Contributions continue to be received for this memorial fund.
The Gustave and Carol Lynn Sirot Fund
Carol Sirot, a long-time member of YUWO, established The Gustave and Carol Lynn Sirot Fund in honor of her late husband, Gustave Sirot, MD, FACP in 1999. The Sirot Fund is designed for an award to a candidate aged 35 years or older. The first such scholarship was given in the spring of 2000. The Sirot Fund is invested with the Community Foundation for Greater New Haven, as is the YUWO Scholarship Trust Fund. Principals will not be co-mingled, but the two funds will be managed with the same guidelines.
Many members make contributions to YUWO’s Scholarship Program in memory of individuals or to honor family members and friends on birthdays, anniversaries, and other special occasions. All contributions are of course tax deductible, and are publicly acknowledged in the YUWO Newsletter.