The Annual Scholarship Fund (formerly known as the Annual Fund): This fund is one of the major sources of annual support for Newberry College. It consists of financial contributions from individuals, foundations, businesses and churches and allows the college to provide tuition discounts for a significant portion of our student body. The money given to the Annual Scholarship Fund is considered the annual gift portion of student scholarship funds and is distributed in the year given. These monies, along with all other student tuition and fees, help offset annually budgeted expenses of Newberry College.