Philanthropy at WPI
Fact 1: WPI is like a non-profit organization
Many of you are probably thinking there’s no way WPI is like a non-profit organization, but it’s true. WPI is not in the business to make money. Rather its mission is to benefit the greater good—to educate students and advance research that will have a positive impact on the community and the world.
Unlike a business, WPI uses its tuition and other “revenue” to solely operate the institution. A business on the other hand, divides proceeds among shareholders who have a stake in the company. With the tuition and other revenue received by the university, WPI supports:
- scholarships, to bring the best to WPI
- research that will change lives in Worcester, the nation and around the globe
- faculty appointments to attract top quality researchers and scholars
- the creation of a state-of-the-art campus environment
Fact 2: WPI provides the most expensive kind of education
WPI is committed to providing the most up-to-date technology and instrumentation for the students to receive the highest quality engineering, science, and technology education. It’s hard to learn today’s concepts, skills, and techniques using yesterday’s technology and instrumentation. If one atomic force microscope breaks or becomes outdated, it can cost tens of thousands of dollars to replace.
Fact 3: Tuition doesn’t cover the cost of a whole school year
Everyone knows that tuition increases from year to year, but not everyone knows that tuition only covers a portion of the cost to educate a WPI student. Tuition is expensive and it means that some people have to work while they’re in school. Typically, tuition and fees covers just 65% of the total cost for a WPI education.
Fact 4: Great Universities are built by great communities
Private giving helps subsidize WPI tuition, so even if a student doesn’t receive financial aid, their tuition is subsidized through the generosity of alumni, parents, faculty, staff and friends of the university. Every gift, big or small, is important and makes a difference in the life of WPI students.