| Arthur Vining Davis
Foundations give $200,000 to endow a scholarship
For Immediate Release
July 13, 2005
WOOSTER, Ohio - The Arthur Vining Davis Foundations have
endowed a new scholarship at The College of Wooster with a grant
of $200,000. The gift pushes the amount of new endowment raised
to date in Wooster’s comprehensive campaign to $30 million.
The college hopes to raise $53 million in new endowment by the end
of the campaign in June 2007.
“This significant investment in our ‘human capital’
by the Arthur Vining Davis Foundations is a wonderful vote of confidence
in the college, and underscores the importance of a strong endowment
to a national liberal arts college like Wooster,” said President
R. Stanton Hales.
The foundations’ grant will yield approximately $10,000
in scholarship support each year, which will be available to any
student with financial need.
Two-thirds of all Wooster students receive some form of need-based
aid. Most of that aid — over $17 million this year —
comes from the college itself in the form of need-based grants and
scholarships, rather than loans.
The Arthur Vining Davis Foundations, based in Jacksonville, Florida,
are a national philanthropic organization established through the
generosity of the late American industrialist Arthur Vining Davis.
The foundations award grants primarily in the areas of private higher
education, secondary education, graduate theological education,
health care, and public television.
The College of Wooster is an independent liberal arts college,
nationally recognized for an innovative curriculum that emphasizes
independent learning. Each Wooster senior works one-on-one with
a faculty mentor to create an original research project, written
work, performance or art exhibit. Founded in 1866, the college enrolls
approximately 1,800 students.
In October 2003, the college launched Independent Minds: The Campaign
for Wooster, the largest fund-raising effort in its history. To
date, $108 million has been raised toward a goal of $122 million
for capital projects, endowment and current operations. The campaign
will conclude on June 30, 2007. |
Email Story
Print Story