Tuesday, July 30, 2013

College in town of 16,000 gets $250 million gift, says it's the largest ever to a liberal-arts school

"A tiny liberal-arts school in rural Kentucky that hosted vice-presidential debates in 2000 and 2012 announced a $250 million donation Tuesday, one of the largest single gifts in higher-education history," Bruce Schreiner reports for The Associated Press.

"Centre College ... officials said [it] is the largest gift ever to a private liberal-arts college in the United States," Linda Blackford writes for the Lexington Herald-Leader. Centre, in the Central Kentucky town of Danville (Wikipedia map), has an enrollment of about 1,350.

"The gift, which the college announced this morning at a press conference, is in the form of stock in Universal Computer Systems Holding Inc. (Reynolds and Reynolds) from the A. Eugene Brockman Charitable Trust, the Advocate-Messenger of Danville reports. "It will be used to establish the Brockman Scholars Program in Leadership and Entrepreneurship."

"Each year, 40 Brockman Scholars will receive full scholarships, including tuition, room and board, fees, and stipends to study abroad, Centre President John Roush said. . . . Robert 'Bob' Brockman, the chairman and CEO of Reynolds and Reynolds, is a Centre alumnus and the former chairman of Centre's board of trustees. The trust is named for his father, who died in 1986. . . . Roush said Bob Brockman remains chairman of Reynolds and Reynolds and is confident the company's stock will retain its value," Blackford reports.
Read more here: http://www.kentucky.com/2013/07/30/2740292/centre-college-announces-record.html#storylink=cpy

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