News

Portland Business Journal: Portland State raises $44M for scholarships
Author: Matthew Kish, Staff Reporter- Portland Business Journal
Posted: December 3, 2014

Click here to read the article in Portland Business Journal.

Portland State University has raised more than $44 million for scholarships, part of an ongoing effort to raise $50 million.

The fundraising is part of the Creating Futures scholarship campaign.

"The response to our fundraising efforts has been overwhelming—and inspiring," said Portland State Foundation President Françoise Aylmer, in a news release. "Donors have given in numbers never before seen at PSU. In the last six weeks alone, we had two generous donors step forward with gifts totaling $7 million."

The campaign is six months ahead of schedule and will continue even if it surpasses its $50 million goal.

More than 5,500 have given to the campaign, including individuals and organizations. Big donors include David and Christine Vernier, founders of Beaverton-based Vernier Software and Technology, who announced a $3.6 million gift for scholarships last week.

Roughly 60 percent of Portland State's 28,000 students get financial aid. The average debt at graduation is $26,000.

"Part of our mission to serve the city is to make our academic excellence as accessible as possible," President Wim Wiewel said, in the news release. "It's one thing to bring students into PSU and quite another to make sure they come out the other side with an excellent education, not overburdened by debt and, most importantly, with a degree in hand. Scholarships make that happen."

Businesses that have created scholarships include Intel and Pizzicato Pizza.