News: Endowed Scholarships (2023)

ELI NEWTON SAWTELL (“the elder”)

Two Eli Newton Sawtells were early graduates and dedicated supporters of Maryville College. The first Eli (“the elder”) was born in Milford, NH, on September 8, 1799, moving to Hollis, NH, at the age of 10. He was a lineal descendent of Richard Sawtell who had arrived in Watertown, Massachusetts Bay Colony, in 1636.

The elder Eli was only 18 years old when in the fall of 1817, the Rev. Eli Smith made a brief visit to Hollis, NH, to urge young men to come to Maryville as ministerial candidates. Eli was inspired.,

Three potential candidates agreed to go, but in the end only Eli made the trip south. He bought out the remaining year of his bootmaker’s apprenticeship by giving his master his note for $90 and, on May 9, 1818, began a seven week, 1,100 mile walk to Maryville. He passed in large part through wilderness, on foot and alone., ,

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Upon Eli’s arrival, “Dr. Anderson first received and treated (Eli) as a son in his own home. Afterwards he spent two years at Greeneville College under Dr. Charles Coffin and returned ready to join Dr. Anderson’s first class in theology at Maryville in 1822., He was licensed by Union Presbytery April 19, 1825, ordained November 12, 1825, and almost immediately sent on horseback through West Tennessee and Alabama to collect money for Dr. Anderson’s infant and struggling seminary.”,

Despite his somewhat stern photographic appearance, the elder Eli was both charismatic and adventuresome. He returned to New England in 1826 and began a 43-year preaching career that would take him to Louisville, KY, Cleveland, OH, and Sarasota, NY, as well as twice to Le Havre, France.

In his first term at Le Havre (1836-1843), Eli found sailors suffering in deplorable conditions. Appointed an agent of the Seamen’s Friend Society, an association incorporated in 1833 “to improve the social and moral condition of seamen,” he worked to carry out the society’s goals of uplifting sailors “by giving them an alternative to the bars, boardinghouses and brothels that they commonly frequented while in port.”

Eli’s seminary training at Maryville had clearly been effective and inspirational. A contemporary writer noted that in 1836, Eli’s immediate predecessor to the Seamen’s Friend Society in Le Havre had been replaced by “an exceptionally talented Presbyterian cleric, the reverend Eli Newton Sawtell.” “Sawtell,” the account continued, “had already been recognized as an outstanding evangelist during his ministry in America. No sooner had he commenced on French soil than both seamen and landsmen thronged to hear him.” What was described as “the miserably inadequate chapel on Quai de L’lle,” under Eli’s leadership became “the scene of a sustained, powerful revival.”

The same contemporary writer wrote further that during “a second term in Le Havre (1855-63), Sawtell launched a personal crusade against the more blatant forms of cruelty on shipboard, something which gave his ministry an impact far beyond the borders of France.” While still in Europe, Reverend Sawtell received the honorary degree of D.D. from Maryville College.

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In 1863, returning to an America torn by the Civil War, the elder Eli served in the Union Army caring for sick and wounded soldiers. From 1865-1869 he preached at the Congregational Church and Society
in Sarasota, New York. By 1869, with his eyesight impaired and his health failing, he moved to what is now the greater New York area, dying of pneumonia at Staten Island, New York, on April 6, 1885.,

___________________

ELI NEWTON SAWTELL (“the younger”)

The elder Eli must have spoken, or perhaps written, enthusiastically about his experiences in Maryville to his younger brother Ephraim because at some point in the 1820’s Ephraim migrated to Tennessee. There he met his future wife, Mary Yearout. When Ephraim was married in Blount County, TN, on July 17th, 1827, it was Dr. Isaac L. Anderson, the founder of Maryville College, who performed the ceremony. The following year, Ephraim and Mary’s first child, a son, was born in Blount County, TN, about six miles from Maryville. He was named Eli Newton Sawtell after his uncle. By the time Eli was seven, the family was living about 25 miles to the southwest in Athens, McMinn County, TN.

The younger Eli also attended Maryville College, graduating in 1854. Two years later, on July 22, 1856, he married Rebecca Meek in a ceremony performed by Rev. Gideon Stebbins White, another early graduate (1829) of Maryville College.

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The two Eli’s bracketed Dr. Anderson’s tenure at Maryville: while the elder Eli had been a student in the first class taught at Maryville by Dr. Anderson, the younger Eli was a student in Dr. Anderson’s last class. After the younger Eli’s graduation, he was licensed to preach on November 9, 1854, ordained by the Kingston Presbytery on April 6, 1855, and served at that church until April 6, 1866. He then supplied the pulpit at Washington Presbyterian Church in Knox County, TN, until 1872 and again from 1882 to 1884. It was in this church that Dr. Anderson had been ordained into the ministry as its first pastor on November 26, 1802.

The period leading up to and during the Civil War was a stressful time for many American families, including those of Ephraim and his son Eli. The younger Eli and his wife, Rebecca, had seven children, mostly boys. In addition to a full preaching schedule, he farmed and taught from time-to-time to bolster his meager income. His second youngest son, James Herbert Sawtell, noted in a brief family history that at the time of his own birth in 1866 the family was living in a log house.

Like his uncle Eli, the younger Eli was a pastor deeply moved by human suffering. His conviction that human slavery was abhorrent caused a serious breach between him and his father, Ephraim. James Sawtell further noted in his family history that his grandfather Ephraim “soon came to espouse the cause of the south and its institutions and especially the cause of slavery. To this doctrine my father never subscribed, for he always held human slavery to be morally wrong. So strong was the feeling of my grandfather, that when my father (the younger Eli) wrote to him, advising not to do this (buy Confederate bonds), he became so angry that he tore up the letters of my father, refusing to read them.” By end of the war, Ephraim had lost everything, and the estrangement of father and son was deep. It wasn’t until 10 years after the end of the Civil War that the breach between them was finally healed.

Like his uncle before him, the younger Eli was a life-long supporter of Maryville College, serving on its Board of Trustees from 1858 until 1883. He died in Hope, Kansas, on March 15, 1893.

____________________

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Without doubt Maryville College played a significant role in expanding the minds and shaping the characters and convictions of both Eli Newton Sawtells. The donors look forward to the same outcome for each recipient of the Eli Newton Sawtell Endowed Scholarship.

_____________________

Supplement I

Relationship of James Herbert Sawtell, grandfather of one of the donors, to Rev. Eli Newton Sawtell and to the Rev. Dr. Eli Newton Sawtell

Supplement II

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The following is taken from “A Brief History of the Synod of Tennessee,” where it is related that in the elder Eli’s 1825/26 tour of the South to raise funds for the future Maryville College, he “… lost his horse, and was prostrated with fever for three weeks and yet returned with money enough to excite Brother Eagleton to exclaim: ‘We must appoint Brother Sawtell Generalissimo of collecting forces for our seminary!’ But a farm must be bought that students by manual labor might help to meet their expenses; a new building was needed, and therefore, more money must be had. Mr. Sawtell was again mounted and sent preaching and collecting through Alabama, Mississippi and Louisiana to
New Orleans.

“Seventy miles of his route in Mississippi lay through a forest with no habitation but an Indian wigwam. After encountering many dangers and enduring many hardships he returned to Maryville. When the money was counted out – about $2000 – one of the trustees threw up his hands, declaring that ‘he had never seen such a pile of money in all his life.’ Thus did this alumnus soon and well repay his Alma Mater.

“Being appointed a commissioner from Union Presbytery in 1826, he rode on horseback to Philadelphia and from there to new England, preaching in many towns and cities till he reached Hollis in New Hampshire, just eight years from the time he left it. There he found his old employer, now aged, infirm and in very reduced circumstances, who was agreeably surprised and greatly relieved by the receipt of his $90.”,

FAQs

What happens when a scholarship is endowed? ›

An endowed scholarship is a donation made to a college that earns interest each year. When you endow a scholarship, you'll give a university, college or local foundation a certain amount of money. Then the organization will invest it how it sees fit and use the proceeds to fund a scholarship for years to come.

How are endowed scholarships awarded? ›

Endowed scholarships can be established through a private foundation, by working directly with a college or university, or specified in your will or trust. You can designate specific criteria for scholarship eligibility, usually based on academic achievement, financial need or community service.

Is it possible to get enough scholarships to pay for college? ›

Many parents and students believe the myth that a student can fully pay for college tuition with just a few scholarships. Sadly, this is not the case. While scholarships can definitely be helpful and can go a long way towards paying tuition, it is extremely rare for it to cover the entire cost.

How to answer what would winning this scholarship mean to you? ›

This scholarship means more to me than just obtaining money; it also means that I am viewed as having potential for the future of our society. I will continuously have individuals to thank for my accomplishments, and I greatly appreciate the generous financial support I have been given to pursue my education.

Should I put endowed scholarship on resume? ›

If you have received any scholarships, grants or bursaries, it is a good idea to mention them on your resume. When doing this, make sure that you list the awards and the reasons you received them.

What happens if you have more than enough scholarship money? ›

What happens to leftover scholarship money. If you earned scholarships and grants that add up to more than your total cost of attendance, your school may send you a refund of the leftover scholarship money. Keep in mind, you may have to pay taxes on that amount.

What is the difference between endowed and non endowed scholarships? ›

A non-endowed fund is one in which grants are given throughout the year. An endowment is a permanent fund on which the earnings are available for grants for nonprofit organizations while the principal (the amount deposited into the fund) remains intact.

Are full scholarships hard to get? ›

Unfortunately, the reality is that many students who more than meet all of the requirements for a full scholarship will not get it. In fact, only 0.1% of students get a full-ride per year.

How does endowment funding work? ›

Endowed funds differ from others in that the total amount of the gift is invested. Each year, only a portion of the income earned is spent while the remainder is added to the principal for growth. In this respect, an endowment is a perpetual gift.

What percent of college students get full scholarships? ›

Full-ride scholarships are awarded to only about 0.1% of students (Wignall, 2021). Nearly just as rare are full-tuition scholarships, which are awarded to only 1.5% of students (ThinkImpact, 2021). A regular high school student may have the qualifications for as many as 50 to 100 scholarships (Dickler, 2021).

What does the average student get in scholarships? ›

Scholarships statistics

The average scholarship award was $6,041 in 2022 — a 22 percent decrease from last year. During the 2021-22 academic year, 60 percent of American families used scholarships to pay for college.

What are the odds of getting a scholarship? ›

Odds of Winning a Scholarship

Only about 1 in 8 college students wins a scholarship, and the average amount used to pay for college is about $4,200 a year. Very few students win $25,000 or more in scholarships each year (only about 0.1%). Among the students who win scholarships, 97% win $2,500 or less.

How do you answer the question why do you deserve this scholarship? ›

Talk about your Passion and Persistence

Letting your passion show through in your answer allows the committee to see your dedication. You deserve this scholarship based on your love of learning, your enjoyment of your field, or your passion for growth.

How to answer why do you deserve this scholarship essay? ›

Tips for writing a “Why do you deserve this scholarship?” essay
  1. Explain how the scholarship money would contribute to your long-term goals. ...
  2. Focus on the purpose of the scholarship. ...
  3. Don't be afraid to promote yourself. ...
  4. Use a thesis statement, just like you would with any other essay.
Aug 3, 2022

Why do I deserve a scholarship essay sample? ›

I have faced several challenges over the years, from dyslexia to homelessness; yet I continued to earn exemplary grades and graduate at the top of my class. I deserve this scholarship because I have the strength and determination to achieve my goals, no matter what hurdles I have to overcome.

What looks good on scholarships? ›

10 Ways to Stand Out When Applying for Scholarships
  • Organize and prepare your materials. ...
  • Pay attention to detail. ...
  • Write an original essay each time. ...
  • Know your audience. ...
  • Emphasize what makes you unique. ...
  • Show your personality and passions. ...
  • Present yourself professionally. ...
  • Proofread each submission.
Mar 28, 2022

Can you stack scholarship money? ›

Unfortunately, you cannot always add outside scholarships on top of other merit money or financial aid money. There are some schools that reduce your aid awards by the amount of outside scholarships you have received.

Is it okay to ask for more scholarship money? ›

Answer: Yes, you can absolutely ask a college for more merit aid. In fact, many of your peers will do so. And since this type of aid is given on a first-come, first-served basis, you will want to submit your request as soon as possible.

What is a good amount of scholarship money? ›

The average scholarship amount is $5,000 to $10,000 annually. These scholarships are typically available through the college you are planning on attending. Community partners and professional organizations offer them as well.

How do I argue for more scholarship money? ›

Ask the school if it can offer more scholarship money to make your attendance more feasible. Applicants should use family circumstances as compelling reasons for the school to reconsider. A substantial income change, medical issues, or childcare expenses could help sway the decision in your favor.

Is there a limit on how many scholarships you can get? ›

College scholarships are free money that you don't need to pay back. There's no limit to the amount of scholarships you can apply for—so submit as many applications as you can.

What is the highest endowed college? ›

Harvard University, with a $50.9 billion endowment as of 2022, is the wealthiest university in the world.

Is an endowment good? ›

Are endowment plans good? Endowment plans may be good for people who want to use them to fund certain savings goals. But compared to other types of life insurance, endowment plans have higher premiums, and you may see lower rates of return on the investment portion of the policy.

Can you spend an endowment? ›

Unrestricted endowments are assets that can be spent, saved, invested, and distributed at the discretion of the institution receiving the gift. A quasi-endowment is a donation by an individual or institution, given with the intent of having that fund serve a specific purpose.

What is the hardest type of scholarship to get? ›

An athletic scholarship may cover some or all of your tuition costs, depending on the school. Athletic scholarships are some of the hardest to receive.

What is the average GPA for a full scholarship? ›

Although a strong GPA helps increase your chances of getting a full-ride scholarship, you don't need a perfect 4.0 to be qualified. In fact, GPA requirements are most commonly set at a 3.0 average, with what's considered to be a "good GPA" typically being a score between 3.5 and 3.8.

What percent of students don't get scholarships? ›

Report Highlights. Over 1.7 million scholarships are awarded annually. However, only 7% of college students will receive a scholarship.

What is the disadvantage of endowment fund? ›

Disadvantages. High fees associated with these policies: Endowments typically have higher fees than other investment vehicles, such as unit trusts or mutual funds. These fees can eat into the returns of the investment, reducing the overall profitability of the policy.

What is the 20 rule for endowment? ›

Your contributions in the second year of the investment are 20% or more above your total contributions in the first year. Your contributions in any other year of your investment are 20% or more above the higher of your total contributions in the previous two years.

What are the 3 types of endowments? ›

Types of endowments
  • Restricted endowment. In a restricted endowment, the principal is held in perpetuity and can't be spent. ...
  • Unrestricted endowment. An unrestricted endowment is when the funds can be spent at the discretion of the organization receiving the gift. ...
  • Term endowment. ...
  • Quasi-endowment.
Dec 23, 2021

How many college athletes don t get scholarships? ›

There are a lot of myths and facts surrounding student-athletes receiving athletic scholarships. At the Division 1 level, only about 57% of the athletes receive financial aid, from book scholarships to full scholarships. The amount is slightly higher at the division 2 level at 63%.

How many college athletes actually get scholarships? ›

NCAA Divisions I and II schools provide more than $3.6 billion in athletics scholarships annually to more than 180,000 student-athletes. Division III schools do not offer athletics scholarships.

What happens if you get a scholarship and don t go to college? ›

Many times if the student has not enrolled in classes during those 12 months, it expires. In almost all cases, scholarships are put directly towards your college's tuition and expenses, rather than a check sent to you. If you choose not to go to school, it will not be put in a savings account for later use.

What GPA is considered for scholarships? ›

Some scholarship committees only consider applicants whose GPA meets a certain threshold. Minimum requirements range from around 2.0 on the lower end to 3.75 or higher for competitive academic scholarships. Generally speaking, a 3.0 GPA or higher will give you a decent shot at qualifying for a variety of scholarships.

How rare is a full tuition scholarship? ›

How hard is it to get a full ride scholarship? Less than 1 percent of students get full ride scholarships, showing just how difficult it is to earn one. However, with the right background, proper planning and by knowing where to look, your chances of landing a full ride scholarship can increase.

How many scholarships should a student apply for? ›

The short answer is that you should apply to as many as you can, as early as you can. This means that you need to be looking early, and finding out when deadlines are. But remember, you don't want to make a career out of scholarship searching and application.

How do you end a scholarship essay? ›

Wrap it up with just a couple of sentences. You can show how your education has made a difference so far, thank the committee for considering your application. Avoid anything too lofty or idealistic like "with this scholarship, I can change the world."

What is an example of a financial need statement? ›

Examples: “In total, I have $4,000 in savings. My family is unable to contribute to my education, so even taking into consideration the $10,000 in federal grants and loans I've received, I need to come up with $3,000 to cover this year's tuition and housing expenses.”

Why do you think you deserve this award? ›

Expert-Verified Answer

One of the reasons that I think I deserve the award is because of the hard work that I put in. I am a passionate person at heart and whatever I do I do to the best of my capability. I do not leave any stone unturned when I want to achieve something.

What should you say in a scholarship essay? ›

Scholarship Application Essay Tips
  1. Plan ahead. Don't procrastinate! ...
  2. Talk about your accomplishments. Be clear and to the point. ...
  3. State your need. What is your financial situation? ...
  4. Keep it simple. Don't use unnecessary words (i.e., don't use three words when one will do) ...
  5. Make it easy on your reader.

How to write a 250 word scholarship essay? ›

How to Write a 250 Word Essay
  1. Outline your essay in bullet points.
  2. Only answer the question being asked.
  3. Don't worry about the word count in your first draft.
  4. Proofread.

How will this scholarship benefit you? ›

If you're looking to attend a prestigious university, a scholarship can give you the financial means. Additionally, a scholarship can help you cover the cost of living expenses while you're in school. It can include things like rent, food, and books. A scholarship can also help you graduate from college debt-free.

Why is scholarship important to me? ›

Scholarships are an incredible source of financial assistance for college students. Unlike loans, scholarship funds are free money. That means you don't have to pay them back over time — an assurance that can vastly reduce financial stress and help you focus more on your studies.

What is courage to grow scholarship? ›

The Courage to Grow Scholarship is available to high school juniors and seniors and students currently enrolled in college. The program awards one scholarship each month throughout the year and the deadline is the last day of each month. 500.

How do endowed funds work? ›

Endowed funds differ from others in that the total amount of the gift is invested. Each year, only a portion of the income earned is spent while the remainder is added to the principal for growth. In this respect, an endowment is a perpetual gift.

What does it mean when a college is endowed? ›

What is an endowment? An endowment is an aggregation of assets invested by a college or university to support its educational and re- search mission in perpetuity. It represents a compact between a donor and an institution and links past, current, and future generations.

What does endowment mean in college? ›

Endowments are financial assets colleges and universities hold that provide long-term funding. Both public and private nonprofit institutions hold endowments, but they are more common in the private sector.

Is endowment important for college? ›

Endowments provide important financial stability to the college or university and, in turn, to the local community. Endowments also provide the financial cushion that enables the college or university to work with towns and cities to improve the quality of local schools and to revitalize neighborhoods.

How much endowment is enough? ›

How big should your organization's endowment be? It's simple. It should be two times the amount of your annual budget. If your annual budget is $2 million dollars, your endowment should be $4 million.

What are the disadvantages of endowment fund? ›

Disadvantages. High fees associated with these policies: Endowments typically have higher fees than other investment vehicles, such as unit trusts or mutual funds. These fees can eat into the returns of the investment, reducing the overall profitability of the policy.

Can you cash out an endowment? ›

Yes, it is possible to withdraw from endowment plans. However, you may be able to only withdraw money from some endowment policies on an annual basis and not all the endowment policies. However, this can originate from your death benefit rather than a profit on your premiums.

How much money is in a college endowment? ›

Question: How large are the endowments of colleges and universities in the United States? Response: At the end of fiscal year 2020, the market value of the endowment funds of colleges and universities was $691 billion, which was 2 percent higher than the beginning of the fiscal year, when the total was $675 billion.

Can an endowment be spent? ›

In some cases, a certain percent of an endowment's assets are allowed to be used each year so the amount withdrawn from the endowment could be a combination of interest income and principal.

What is the point of an endowment? ›

Enhances stability and prestige. A well-managed endowment sends a message of planned long-term stability, fiscal responsibility, and financial viability. It enhances the organization's prestige and credibility. Relieves pressure on the annual fund.

How do you calculate endowment payout? ›

To calculate the income available, you first determine the number of units an endowment has. Take the most recent quarter ending market value and divide by the pool unit market value in #1. For example, an endowment with $100,000 in market value would have 428.69 units ($100,000/$233.27).

What are the two types of endowment? ›

Listed below are five different types of endowment plan life insurance policies that individuals may consider purchasing to meet their financial circumstances.
  • Unit Linked Endowment Plan. ...
  • Guaranteed Endowment Plan. ...
  • Full/With Profit Endowment Plan. ...
  • Low-cost Endowment Plan. ...
  • Non-profit Endowment Plan.

Videos

1. My Lou: Riverview Gardens senior receives over $1M in merit-based scholarships
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2. CSPday | Women's Endowed Scholarship
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3. Parents honor sons name with veterinary endowed scholarship for Blinn college
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4. Endowed Scholarship Luncheon 2019
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5. CHED clarifies: Only freshmen merit scholarship program is suspended
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6. Virginia Gov. calls for probe into National Merit controversy at top school | On Balance
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