Posted on Apr 24, 2014 in Alumni News and News
In gratitude for his KU education, an anonymous Jayhawk has made a $25 million gift commitment to benefit the KU Alumni Association and the University.
His estate plan calls for 80 percent of the gift to benefit the outreach programs of the Alumni Association, and 20 percent to be equally divided between support for scholarships and the Greater KU Fund, which supports the University’s greatest needs.
This would be the largest gift ever for the Association, which connects the KU family worldwide through more than 450 events annually as well as online and print communications. Eighty percent of the events highlight KU academic programs and student recruitment.
Kevin Corbett, c’88, Association president, said the gift would strengthen the University for years to come by further engaging and mobilizing graduates. “The storied success of KU has always been dependent on graduates who have been generous, and who have lent their knowledge and talents to improve the value of the KU degree,” he said. “This gift will ensure that this tradition will continue.”
Chancellor Bernadette Gray-Little said the commitment would target resources to the University’s top priorities through the Greater KU Fund and support future generations of Jayhawks through student scholarships. “This is a truly generous commitment, and one that will have long-lasting benefits,” she said.
The gift counts toward Far Above: The Campaign for Kansas, the University’s $1.2 billion comprehensive fundraising campaign managed by KU Endowment, the independent, nonprofit organization serving as the official fundraising organization for KU.