Areas of Need
In 2018, The Cooper Union Board of Trustees announced their endorsement of the Free Education Committee's ten-year plan returning Cooper to full-tuition scholarships for all undergraduates. Thus far we have been on track with the goals of the plan, but we need your help to maintain our momentum! Giving in the following areas will make the most impact on our progress towards reinstating Peter Cooper's vision.
The Cooper Union Annual Fund is the top choice for alumni, parents and friends looking to provide remarkable students with access to an exceptional education regardless of their means. Annual Fund support is unrestricted, which makes it a flexible and instantly available source of student funding that can be used when and where it is needed the most. Put simply, if it’s critical to offering a world class art, architecture and engineering education in the heart of New York City, your Annual Fund gift provides for it.
The Cooper Union is committed to admitting exceptional students regardless of their financial need, and to providing all available resources necessary to help these students attend and graduate. As part of our ten-year plan to return to full-tuition scholarships for all undergraduate students, we intend to increase levels of scholarships over the coming years until all students are fully supported. We are committed to raising enough funds to make this effort financially sustainable for years to come, and we can’t do it without your help. The tuition cost of a Cooper education is currently $44,550 per year. Every student receives at least $22,275 (50%) annually in tuition scholarships from The Cooper Union. Additional financial aid is dependent on the generosity of our donors. At this time The Cooper Union covers an average of 78% of all tuition costs for undergraduates. Of our current student body, 43% still receive full-tuition scholarships as Peter Cooper intended. A gift of $22,275 can ensure one year's full-tuition scholarship to a Cooper student, and every contribution brings us closer to a tuition-free Cooper Union. Please consider joining these donors in providing this essential support to our students today.
Gifts to augment The Cooper Union's endowment provide sustainable revenue for years to come. Peter Cooper and Andrew Carnegie, among other donors throughout our history, have invested in this long-term support that still provides critical resources today. Each endowed fund has a principal account and an operating/spending account which is formed from the conservative annual spending draw determined by the current investment spending policy. The principal remains and grows in perpetuity, while the operating account generates income for what you value most at Cooper for years to come. In recognition of your generosity, you have the opportunity to name your endowment - the name you choose may be your own, that of a family member, or of another person inspirational to your life story. To learn more about establishing an endowment, or making a gift to an already-existing endowment fund, please contact firstname.lastname@example.org.