Class of 1969 Scholarship was established in 1981, initially under the
administration of the Class. By
2004, under X Shannon’s able management, it had grown to an endowment of about
$100,000. Once the Fund reached that important milestone, the decision was made to shift financial management responsibility to the University in
order to get access to the diversification and non-public investments offered though
participation in its Common Fund. The growth of the Scholarship Fund indeed benefitted
from the Fund’s strong long-term record and has continued to be supplemented by
annual gifts from generous classmates.
Today the endowment stands at about $170,000 and provides approximately
$8,000 per year in scholarship stipends.
1981 the scholarship has been awarded 39 times to 14 students, many of whom
have held it for several of their undergraduate years. The intent of the
Class, as reflected in the gift agreement with the University, is that the
scholarship be awarded whenever possible to a deserving son or daughter of
’69. Of the 14 students who have
benefitted from the scholarship, 8 of them are children of classmates,
including the present recipient, Henry L. Moss, III ’13.
years ago, Princeton adopted a need-blind admissions policy and eliminated
student loans as a part of its financial aid program. To see how this important Class initiative fits into the
overall picture click