The University of Michigan Stephen M. Ross School of Business announced a new scholarship fund thanks to the generosity of an anonymous Ross BBA alumnus. The alum’s $5 million gift establishes the True Grit Scholarship Fund. The new fund will award partial and full-ride scholarships to current and incoming Full-Time MBA and BBA students. Ross will be considering candidates who have “demonstrated notable determination to succeed.” This includes applicants who have overcome personal challenges, served in the military, become the first in their families to pursue a degree at a post-secondary institution, or otherwise exhibited personal fortitude and resilience. No separate application for a True Grit scholarship is necessary. Awardees will be selected beginning in the fall of 2021.
“Perseverance and resilience are two qualities that make exceptional students and future business leaders,” said Scott DeRue, Edward J. Frey Dean at Michigan Ross. “I’m incredibly excited to announce the new True Grit Scholarship Fund to support students who have overcome challenges to pursue their business education at Michigan Ross.”
The anonymous donor shared a statement: “Some of the most amazing people I have had the privilege to work with don’t fit molds or check predefined boxes but have, as a result, developed a determination that propels them throughout their lives. Michigan’s commitment to public education that gives many of these people a shot is exactly what today’s world needs. I am honored to help support Ross’s effort to educate these future leaders.”
Additional Scholarships
Over the past year, Ross has benefitted from additional scholarship funding. The funding includes a $2.5 million gift to the John H. and Patricia W. Mitchell Scholarship Fund for student scholarships in business ethics and communications. Additionally, the business school received $6 million to establish the Blau Initiative for Diversity in Real Estate and Infrastructure. Finally, a $10 million gift enabled the launch of the Weiser Center for Real Estate and a new Weiser Scholars Fellowship.
Read the full announcement here.
