Tags: kentucky | 250M | donation | centre college

Kentucky $250M Donation to Centre College To Fund 40 Scholarships

Image: Kentucky $250M Donation to Centre College To Fund 40 Scholarships Centre College President John A. Roush.

Wednesday, 31 Jul 2013 08:26 AM

By Michael Mullins

A $250 million donation has been made to the small Kentucky liberal arts school of Centre College.

The gift was given by the A. Eugene Brockman Charitable Trust, named after the founder of Universal Computer Systems Inc., the Christian Science Monitor reported.

The funds will establish 40 new Brockman Scholarships beginning next year, according to the school which his located in Danville, Ky., a rural town of about 18,000 inhabitants approximately 35 miles south of Lexington.

Latest: Do You Support Giving Illegals Citizenship? Vote Here Now

The school has an anticipated enrollment of just 1,375 students this coming fall.

The monumental gift is the largest donation ever given to a liberal arts college in the history of U.S. higher education, the school said. The gift is also among the largest donations ever to be received by any educational institution in the U.S., the Los Angeles Times notes.

"The gift marks a fundamental transformation in Centre College's ability to support students whose hard work, character and intellect have demonstrated their potential for leadership," college President John A. Roush said. "The challenges and opportunities confronting our nation and world are increasingly complex, and the Brockman Scholars Program will empower talented young women and men with the knowledge, creativity and integrity necessary to address them."

The 40 merit-based Brockman Scholarships that will be funded through the gift will go to students "majoring in the natural and computational sciences and economics," and will cover tuition, room and board and fees as well as internships, summer research, and study aboard, according to school.

A. Eugene Brockman's son, Robert T. Brockman, attended Centre from 1959 to 1961 and is a former chairman of the school's board of trustees, the Los Angeles Times notes.

The Brockman Trust had previously given $19.5 million toward the construction of a dorm for upperclassmen that opened a year ago at Centre, the Huffington Post reported.

Urgent: Should Obamacare be Repealed? Vote Here Now

The donation is part of a $500 million fundraising campaign by the school in the lead up to the college's bicentennial celebration in January 2019.

Richard Trollinger, Centre College’s vice president for college relations, told the Huffington Post that whereas the gift's size might provide some with "an excuse not to give," sizeable gifts such as these also "tend to inspire more giving than they discourage. And that's certainly what we're banking on going into this campaign."

Related stories:

First College to Raise $1B: Stanford University Sets New Record

University of Miami Tops $1 Billion in Shalala Fundraising Bid

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Kentucky Senator Brandon Smith Wants Out of DUI With Immunity Law

Friday, 23 Jan 2015 19:20 PM

Kentucky state Senator Brandon Smith, arrested earlier this month on a DUI charge, is making an effort to get the charge . . .

School Bus Pentagram? Woman Outraged Over Satanic Brake Light Symbol

Friday, 23 Jan 2015 18:53 PM

A Tennessee woman is outraged after spotting what she says is a satanic pentagram formed by the brake lights on a school . . .

Rapper Tiny Doo May Face Long Jail Sentence Over Lyrics

Friday, 23 Jan 2015 18:10 PM

San Diego rapper Tiny Doo is facing a possible 25-year prison sentence for his violent song lyrics under a little-known  . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved