Canisius College Western New York Prosperity Scholars
Supported by the Prentice Family Foundation
The WNY Prosperity Scholars at Canisius College
The Canisius College Western New York (WNY) Prosperity Scholars program is a truly innovative scholarship program for students with an entrepreneurial drive who want to make a difference in Western New York. Canisius Prosperity Scholars combine scholarship assistance with credit-bearing internships to gain both academic and practical experiences in their intended professions. Prosperity Scholars are given the opportunity to intern in their chosen fields of interest, where they work alongside and are mentored by leaders in upper-level management. Additionally, they are eligible for significant scholarship assistance, so they can fully focus on making the most of their internship opportunity and Canisius educational experience. In return, Prosperity Scholars must commit to working, and therefore giving back economically, in WNY for at least two years within a decade of obtaining their degree from Canisius.
Upon receiving the Western New York Prosperity Scholarship, students must:
- Agree to work in Western New York for at least two years within a decade of attaining degree
- Agree to participate in and complete a suitable credit bearing internship. Undergraduate and graduate continuing students will complete the internship in Summer of 2014. New graduate business students will complete the internship in Summer of 2015.
- Participate in any activities designed to thank and recognize the Prentice Family Foundation for their support.
The Prentice Family Foundation was created in 2007 by generous benefactors Bryant and Joan Prentice to serve as a philanthropic organization that leverages economic development through scholarship support, and to ultimately make a multi-generational impact on WNY. The WNY Prosperity Scholars program was built on the Prentice Foundation’s goals to support and grow an individual’s capacity to create, adapt and apply.
Each Prosperity scholar is required to participate in a credit-bearing 12-week, 360-hour summer internship.
The Foundation’s award will support student internship compensation up to the maximum defined below if the employer provides no compensation or will supplement compensation if the employer’s compensation is less than the hourly internship pay rate that the scholarship will cover, specifically:
- For graduate students: $15 per hour x 30 hours per week x 12 weeks = $5400
- For undergraduate students: $12 per hour x 30 hours per week x 12 weeks = $4320
Internships must be:
- Credit bearing.
- Consistent with student’s academic major.
- Consistent with student’s career objectives.
- In areas that demonstrate high potential for job creation and economic revitalization.
- Carefully supervised by full-time professionals in that field.
- Approved by Canisius. Canisius may specify options from which students must choose or can direct students to seek their own internships, which must be approved by Canisius.
An internship reflection by the student, as well as a supervisor questionnaire, is required following the completion of the internship to authenticate the level of engagement involved in the internship.
On top of hands-on career experience through an internship, Prosperity scholars are also eligible for scholarship assistance during the academic year. Awards vary in size and may be significant depending on a student’s unmet financial need. This support is intended to offset tuition and related academic costs (room and board, book allowance, etc.) for a full academic year and required summer internship. Unmet need is defined as each student’s total cost less the expected family contribution and all additional scholarships, grants and federal loans available to that student. The federal FAFSA will define the expected family contribution.
The Prosperity Scholarship Program is available to juniors, seniors, and graduate students in the Richard J. Wehle School of Business who are committed to the Western New York community and are preparing for career that will further economic development and job growth in the WNY region.
WNY Prosperity Scholars are chosen by a selection committee chaired by the dean of the Richard J. Wehle School of Business from a pool of candidates that have been recommended by Canisius College faculty and staff.
Please refer to the "Eligibility and Requirements" page for more details.
All applicants will be required to submit four (4) specific items and agree to an in-person interview as part of the application process. Please refer to the "Application Instructions" page for more details.