July 5, 2010

Momentum Multiplier Doubles Gift Impact

Fort Wayne, Ind.—To accelerate support for student scholarships, Indiana Tech has established the Momentum Multiplier program in which the university will match donations for scholarship endowments.

Momentum MultiplierFrom July 1, 2010 through June 30, 2011, Indiana Tech will match scholarship pledges dollar for dollar. To qualify for the program, minimum pledges are:

  • $20,000 to establish a new scholarship
  • $10,000 to add to an existing scholarship

“The university has benefitted greatly from past gift matching programs in which an outside foundation has provided the matching dollars,” said Mark Richter, vice president for Institutional Advancement. “Several donors have asked when the next gift matching program would be available, so we decided to create a program ourselves.”

A donor who chooses to take advantage of the Momentum Multiplier can create a $40,000 scholarship fund by pledging $20,000 which would be matched by $20,000 from Indiana Tech. There is no maximum amount for scholarship donations. The university has earmarked $1million in matching funds for the program.

“We are very grateful to the generous donors who have provided scholarships to our students throughout our 80-year history,” Richter said. “We hope this program inspires even more support for future students.”

Indiana Tech currently has 105 endowed scholarships established by alumni and friends of the university. Increasing scholarship funds is one goal of the Momentum capital campaign launched in 2008.


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