GHR Foundation Awards $50 Million to St. Thomas for Scholarships

GHR Foundation Awards $50 Million to St. Thomas for Scholarships

The University of St. Thomas in St. Paul, Minnesota, has announced a $50 million gift from the GHR Foundation in support of scholarships for business majors.

The lead gift in a $200 million campaign to double the university's scholarship endowment — and the largest scholarship gift in the state's history — will establish the GHR Fellows program for future business leaders who are innovative, ethically minded, socially engaged, and globally aware. Fifteen fellows will be selected every year to receive four-year scholarships, a fully funded January-term study abroad experience, individualized career coaching, and customized social entrepreneurship opportunities. Fellows also will benefit from access to C-suite business, community, and university leaders as well as the GHR Fellows alumni network.

To be eligible, incoming students must graduate from high school at or near the top of their class and have a minimum GPA of 3.7 and a minimum ACT composite score of 28. Essays, interviews, and an on-campus experience also will be considered in the selection process.

"I feel confident GHR Fellows will graduate from St. Thomas fully prepared to catapult themselves to highly visible leadership roles with the potential to influence others, to personally invest in areas of impact, and to create enduring value for society," said University of St. Thomas president Julie Sullivan.

"GHR Foundation believes education can transform an individual's life as it did for our founder, Gerry Rauenhorst, a first-generation college student and St. Thomas alum," said Amy Rauenhorst Goldman, CEO and chair of the GHR Foundation and a University of St. Thomas board member. "As chair of the university's $200 million scholarship initiative, I know GHR's gift will inspire great acts of generosity to further support St. Thomas in educating students to be principled leaders who think critically, work skillfully, and act wisely to advance the common good."