Merit Based Scholarships Applicants who are offered admission to the executive formats of Darden's MBA are automatically considered for merit-based scholarships; there is no additional scholarship application. Scholarship decisions are based on a holistic review of the application for admission and interview. It is recommended that applicants apply for admission by the earliest deadline to be considered for the largest pool of available of executive MBA scholarships.The amounts of scholarship awards for the executive MBA Classes of 2016 ranged from $5,000 to $25,000 with an average of $15,000.Darden Philippine Scholarship FundThis scholarship is funded through the generosity of Darden alumni. It is awarded to a top candidate from the Philippines or the Southeast Asia region.Frank G. Delano Fellowship FundEstablished in 1985, with a gift from the Delano family, to honor a farmer and businessman from the Northern Neck of Virginia who died in May 1985. The fellowship provides a grant to a Darden student or a student associated with the School’s Institute for Business in Society, a Darden Center of Excellence. It is also to be used to benefit rural communities and preference is to be given to students from the Northern Neck or from Virginia. The Francis G. Delano Fellowship Fund enables the Darden School to offer a fellowship to an outstanding MBA student.Gould Incorporated FellowshipEstablished in 1982 by Gould Inc. Gould Incorporated has hired numerous Darden graduates. The fellowship is awarded to deserving students. Edward May ScholarshipEstablished in 1984 with a bequest from W. Peyton May in memory of her father, Edward May, who graduated from the University of Virginia in 1877. The scholarship is awarded to outstanding students. Henry E. McWane Scholarship FundEstablished in 1982 with a gift from the Lynchburg Foundry to honor its president, Henry E. McWane. Mr. McWane was the first president of Darden’s Board of Trustees and served on the University of Virginia’s Board of Visitors. The scholarship is awarded to outstanding students. Tayloe Murphy ScholarshipEstablished in 1987 with gifts originally contributed for the Tayloe Murphy Professor of Business Administration. The scholarship was created by friends and family of Tayloe Murphy to honor the prominent banker and legislator. No restrictions are placed on the selection process by which deserving students are awarded scholarships. John B. Pipkin II ScholarshipEstablished in 2004 by Anne Hunter Pipkin Benson on behalf of her father, John B. Pipkin II (MBA ’61). Mr. Pipkin worked for Nations Bank/Bank of America and Prometheus Partners. He served Darden as both a class agent and class secretary. Scholarships are awarded for one academic year and may be renewed for a subsequent year provided the recipient continues to meet the conditions of eligibility. Jack Ryan ScholarshipEstablished in 2005 by Jack Ryan (MBA ’81). The scholarship is awarded to MBA students who have been admitted to Darden and exhibit academic excellence.TEP ScholarshipEstablished by the Executive Program Class of 1988 to financially support a deserving student or students in their pursuit of a Darden School MBA degree. Questions regarding scholarships can be directed to the Darden Financial Aid Office at firstname.lastname@example.org.