Northwestern is aiming to raise $625 million for scholarships and supplemental programs through the Forever Shine Campaign, the University announced in a Tuesday news release.
Funds are geared to support most undergraduate students from households earning less than $150,000 in annual income to attend NU tuition-free, and most students from families making less than $70,000 per year to attend at no cost, according to the release.
The campaign has raised $251 million as of April 30, including a significant donation from Board of Trustees Vice Chair Adam Karr (Weinberg ’93) and his wife, Tonia Karr, according to the release.
Part of the Karrs’ donation creates an endowment for NU’s Beacon Scholars program, which provides personalized academic support and social programming to first-generation, low-income undergraduates.
“Financial aid is one of the highest-returning investments Northwestern can make,” Adam Karr said in the release.
Both Adam Karr — who is a first-generation college student himself — and Tonia Karr benefited from scholarships in college, the release read.
Together, the two co-chair the Forever Shine Campaign Committee. Trustees Du Chai (Weinberg ’94, Kellogg ’01), Valerie Friedman (Weinberg ’85) and Purnima Puri (Weinberg ’93) are also among the committee’s members.
The campaign’s name comes from a line in NU’s “Alma Mater,” and it is the first University-wide fundraising effort “focused on student support,” according to the release.
“Scholarships have the power to change lives and are essential to the University’s continued success,” Interim President Henry Bienen said in the release.
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