$60-Million for Middlebury College; Other Gifts
May 27, 2004 | Read Time: 3 minutes
Seven organizations have received large gifts or pledges:
- Middlebury College, in Vermont, has received a $50-million pledge from an anonymous donor. The gift is unrestricted, although the donor has requested that the college’s science center be named after the college’s president, John M. McCardell Jr. The donor stipulated that the college must raise matching funds in the next five years, the period over which the gift will be distributed to the institution. Another anonymous donor has pledged $10-million, which will be counted toward the matching funds.
- The Episcopal Collegiate School Foundation, in Little Rock, Ark., has received $30-million from Harriet Stephens and her husband, Jackson, owner and operator of Stephens Inc., a brokerage house in Little Rock, to establish an endowment that will support facilities, faculty members, and student scholarships.
- Dartmouth College, in Hanover, N.H., has received two gifts totaling $25-million. A gift of $15-million was made by Mary Ann MacLean and her husband, Barry, president and chief executive officer of the MacLean-Fogg Company, in Chicago, for a new building for the engineering school. Mr. MacLean earned two degrees from the college: a bachelor’s degree in engineering sciences in 1960 and a master’s degree in mechanical engineering in 1961. The college also received $10-million from Barbara Haldeman and her husband, Charles, president and chief executive officer of Putnam Investments, in Boston, for a new academic center. Mr. Haldeman graduated from Dartmouth in 1970.
- The Johns Hopkins Bloomberg School of Public Health, in Baltimore, has received $22-million from an anonymous donor for scholarships for master’s and doctoral students. The funds will be distributed over 10 years.
- The University of Southern California, in Los Angeles, and Childrens Hospital Los Angeles have received an anonymous gift of $15-million to establish a joint institute for pediatric clinical research.
- Cornell University’s Weill Medical College, in New York, has received $15-million from Shahla Ansary and her husband, Hush-ang, a former Iranian finance and economic minister and a former Iranian ambassador to the United States, to establish a center for stem-cell research. Mr. Ansary, of Houston, is vice chairman of the college’s Board of Overseers.
Other recent gifts:
Baptist Theological Seminary at Richmond (Va.): $1.2-million from Louise Cochrane and her husband, Harwood, founder and former owner of Overnite Transportation Company (Richmond), for capital improvements, and $1-million from Deborah Carlton Loftis, the seminary’s professor of church music, for endowments and the renovation of choir space.
Hobart and William Smith Colleges (Geneva, N.Y.): $7.5-million pledge from L. Thomas Melly, a 1952 graduate of the institution and a retired partner of Goldman, Sachs & Co. (New York), for unrestricted use. Part of the gift — $2.5-million — will be given over the next five years, and the rest will be in the form of a bequest.
Jewish Reconstructionist Federation (Elkins Park, Pa.): $1-million from Marjorie Ziegelman and her husband, Aaron, founder and president of Gala Resources (New York), to help its Camp JRF purchase land.
St. Xavier U. (Chicago): Real estate valued at $3.12-million from Mary Rita and Robert Stump, for campus expansion. Mr. Stump was formerly employed in the moving and storage industries.
Temple U. (Philadelphia): $1-million from Solomon C. Luo, an ophthalmologist in Orwigsburg, Pa., and an adjunct clinical professor of ophthalmology at Temple U. Hospital, for the school of medicine.
U. of Missouri at Columbia: DNA samples and livestock-production information valued at $5.6-million from the David W. Gust family, who own Circle A Ranch (Iberia, Mo.). The donation will be used by researchers working to create beef products that allow cattle producers to increase profitability and efficiency. The university also received a $5-million pledge from Mary Agnes McQuinn and her husband, Al, to endow an academic fund at the College of Agriculture, Food, and Natural Resources. The McQuinns will transfer the funds once the college raises $5-million. Mr. McQuinn is a 1954 graduate of the university and founder of Ag-Chem Equipment Co. (Minnetonka, Minn.).
U. of South Florida (Tampa): $5-million from Erika Wallace and her husband, Don, president and chief executive officer of Lazydays RV Super-Center (Tampa), for the Moffitt Cancer Center & Research Institute’s breast-cancer program.