Moody provides an affordable, Bible-centered education that equips ministry practitioners for leadership and influences the body of Christ worldwide through its undergraduate, graduate, Distance-Learning (online) and Mission Aviation schools.
Thanks to the generosity of our donors, every undergraduate student on the Chicago campus enjoys the benefit of having their tuition paid by the Chicago Undergraduate Tuition Grant, a generous award worth up to $10,000 per year, leaving the student's responsible to cover the remaining costs for room and board, fees, and other additional expenses.
Students studying in Moody's graduate (Seminary), Distance-Learning, and Mission Aviation schools have to cover their full costs of tuition, plus room and board, fees, and other expenses related to achieving their degree.
Gifts given through Moody's Scholarship program help students meet these expenses so their focus can be on studying God's Word and gaining the valuable training they need to be effective in ministry. This can make all the difference for some, providing access to training and a quality Christian education that might otherwise be out of their reach.
Additionally, Moody does not charge an administrative fee to manage the scholarship fund, meaning more money goes directly where you intended….to the students who need it most!
What is a Scholarship?
Scholarships are funds established by individuals, families, or organizations and groups to provide financial aid to Moody students who have general financial need and who meet the established criteria as put forth by the donor. Through the naming of the established scholarship, the donor has an opportunity to recognize, honor or remember a loved one, friend, or professor.
The individual or group who establishes the scholarship will be informed annually of the scholarship fund's status through a report, as well as receive information from student recipients, which helps to convey the real, immediate, and ongoing impact of the scholarship.
Click here to see a current list of scholarships and their descriptions that have been funded through the generosity of various individuals or organizations who support Moody Bible Institute and our students.
Options for Funding a Scholarship
When considering establishing a scholarship fund with Moody Bible Institute, it is important to consider what option may be best suited for you during this season of life. Some scholarships have endowments as their fund source, while others are funded through a single significant sum or maintained through annual donations.
If you choose to establish an endowed scholarship fund, the gift amount (principal) is retained in perpetuity and will not be spent; rather the principal of the fund is invested to produce income providing annual awards to Moody students on an ongoing basis. While each endowed scholarship is accounted separately, each scholarship fund's balance is commingled with other college endowment funds, increasing its potential for investment return while further strengthening its investment potential. A minimum gift of $25,000 is requested to establish an endowed scholarship, thereby creating an opportunity to earn a significant annual award for students.
If you choose to establish a scholarship grant fund, the gift amount (principal) will be disbursed over the lifetime of this scholarship grant until the balance is depleted as per the criteria set forth by the donor, at which time this grant will cease to exist unless further funding is applied to the principal. A minimum gift of $10,000 is required to establish a scholarship grant, thereby creating an opportunity to award a significant annual amount to students for a set number of years.
Interested in Establishing a Scholarship?
To start the process, it is helpful to speak with Moody's Scholarship Administrator and discuss the preferred criteria. Once approved, a memorandum of agreement outlining the terms of the scholarship will be crafted and sent to the establisher for review, any edits, and a signature to finalize. The scholarship will be initiated and an account set-up at the time the gift to fund is received to the Institute along with the finalized memorandum of agreement.
Scholarships are frequently funded by gifts of cash, as well as transfers of stocks, bonds, mutual funds, real estate, and other types of property. Scholarships may also be funded by a generous bequest.
To learn more about how you can partner with Moody and our students through the Scholarship Program, please email [email protected] or contact us. We would be happy to assist you and answer your questions.