Who finances NMSC scholarships?
National Merit Scholarship Corporation scholarships are supported by about 240 corporations, company foundations and businesses, and by NMSC’s own funds. In addition, about 200 colleges and universities provide National Merit® Scholarships. More than 10,400 scholarships worth over $51 million are awarded annually in NMSC programs. Grants and contributions to NMSC are deductible by the donor under Section 170 of the Internal Revenue Code.
National Merit Scholarship Corporation scholarships are supported by some 300 corporations, company foundations and businesses, and by NMSC’s own funds. In addition, about 200 colleges and universities provide National Merit® Scholarships. More than 10,800 scholarships worth over $52 million are awarded annually in NMSC programs. Grants and contributions to NMSC are deductible by the donor under Section 170 of the Internal Revenue Code.