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One of the reasons that I’m so supportive of education is that it’s something you have all your life. You can’t take that away from people. And there aren’t too many things you can give to people that are good for a lifetime.”
Ph.D. student Justin Pearson, left, with philanthropist Michael Towbes at a luncheon in the Mosher Alumni House.
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X PAYOUT PROGRAM FOR ENDOWMENTS
Endowed fellowships provide a stable, perpetual source of support for graduate students as they study, conduct research, and write their dissertations or theses. Fellowship support relieves students of the burden of employment, so they are able to fully focus on academics and advance toward their degrees. Over a three-year period, qualifying gifts for graduate fellowships are leveraged by 41% through the 2X Payout Program.
TONY MASTRES
– Michael Towbes, philanthropist, Louis H. Towbes Graduate Fellowship
“I bought a laptop with some of the funds from my Towbes Fellowship, and it revolutionized my graduate career! It’s incredibly freeing to have a single, portable device for my research, classes, writing, and computation. When I have an idea, I can try it out right away, instead of waiting to get back to the lab. And the ability to work anywhere has really enriched my connection with the UC Santa Barbara campus.” – Justin Pearson, Towbes Fellowship recipient and Ph.D. student in Electrical and Computer Engineering
HOW IT WORKS ➤ The Graduate Division will provide double the annual
➤ The gift remains untouched in the endowed fund for three years, allowing the principal to grow at a compounded rate.
➤ Fellowship endowments in all academic areas qualify for the program. The endowment may be named for the donor, a loved one, or someone they wish to honor.
➤ Gifts of $30,000-$250,000 qualify for the 2X Payout Program. For gifts above that level, the first $250,000 will be eligible for the 2X Payout. Funding is limited, and the program will end after the funds are depleted. Commitments must be received before June 30, 2016, and will be included in this program on a firstcome, first-served basis.
RYANNE BEE
fellowship payout from gifts made to new or existing endowments for the first three years.
“Receiving the NSF Extension Fellowship has been an invaluable asset to my graduate education. It allowed me to focus my time and energy on my research, and also provided me with the financial flexibility to attend and present my research at conferences and travel to work with collaborators at other universities. I have also used these funds toward paying for research expenses such as recruiting and paying participants. This has been critical to my research on LGBTQ identities as it would otherwise be impossible for me to access this population and adequately compensate individuals for the time and energy it takes to share their experiences.” – William Ryan, Ph.D. student, Psychological and Brain Sciences