scholarships
Butler Beyond

Recent Gifts Push Butler to $32M for Scholarship Support in Butler Beyond Campaign

PUBLISHED ON Feb 03 2020

Fueled by a surge of recent significant gifts, Butler University has surpassed $32 million raised for student scholarships as part of its Butler Beyond comprehensive fundraising campaign. Of its $250 million overall campaign goal, the University aims to raise $55 million for student scholarships before the conclusion of the campaign on May 31, 2022.

Seventeen new endowed scholarships have been established since the start of the University’s fiscal year on June 1; among them are two commitments of $1 million or more. Bolstering the University’s scholarship endowment is a central funding priority for the Butler Beyond campaign as the University seeks to increase student access and success.

“We’re incredibly grateful for the generosity of those who share our vision of making a Butler education accessible to all who desire to pursue it, and who have chosen to invest in the lives of current and future Butler students through scholarship gifts,” says Butler President James Danko.

Among the donations was a $1.5 million gift from an anonymous donor to establish a new endowed scholarship that will help to underwrite the University’s Butler Tuition Guarantee scholarship program, which provides full-tuition scholarships to high-achieving graduates with financial need from Marion County high schools. The gift is a significant step toward the University’s goal to fully fund the Butler Tuition Guarantee scholarship program through philanthropic gifts, which would require $8.9 million.

The family is funding their scholarship commitment through a combination of cash, planned giving, and a corporate gift, allowing them to immediately begin witnessing the impact of the endowed scholarship, which will exist in perpetuity at Butler.

In December, the University also announced the creation of the Gregory & Appel Endowed Scholarship for Risk Management and Insurance Education at Butler. At $500,000, it was the largest corporate-sponsored endowed scholarship gift in University history.

Also among the recent scholarship gifts was a $1 million estate commitment from Randy and Libby Brown to establish the Randy and Libby Brown Endowed Scholarship. In his role as a Lacy School of Business Executive Career Mentor, Randy has witnessed the impact of loan debt on students as they complete their degrees and begin their careers. He was also the recipient of unexpected financial support while in college. The couple’s new endowed scholarship will extend the impact of their existing annual scholarship, which is currently awarded to high-achieving rising seniors who have financed their education largely with student loans. The scholarship aims to launch students into their post-graduation lives with less debt.

Scholarship gifts like these are central to the University’s efforts to examine new ways to make a Butler education more affordable. Focusing on Butler’s founding mission that everyone, regardless of race, gender, or socioeconomic status, deserves a high-quality education, the University is exploring various pathways to address inequity in higher education. Funding the creation of new educational models while maintaining the University’s robust financial aid program will require significant philanthropic support.

Butler awarded more than $77 million in scholarships in 2019-2020. However, only $3.3 million of that total amount was funded by the endowment or other philanthropic support, resulting in nearly $74 million in student scholarship support being funded from Butler’s operating budget. Closing this nearly $74 million gap is a strategic imperative for Butler’s future. Last year, the University made a commitment that all gifts to its annual fund would be directed to student scholarships. All gifts to the new Butler Fund for Student Scholarship directly underwrite current student scholarships, making a direct and immediate impact on student success.

Along with endowed scholarships that exist in perpetuity, donors can also name an annual scholarship through yearly gifts of $2,500 or more for four years. Since the start of the Butler Beyond campaign, 48 donor families have signed on as annual scholarship donors, collectively pledging $576,000 in student scholarship support.

“Access to education changes the trajectory of an individual’s life, and I can’t think of a more meaningful gift to offer than the opportunity to pursue higher learning through a scholarship,” says Vice President for Advancement Jonathan Purvis. “We look forward to reaching our goal of $55 million for student scholarships through the Butler Beyond campaign and seeing many more lives changed through the gift of access to a Butler education.”

 

Media Contact:
Rachel Stern
Director of Strategic Communications
rstern@butler.edu
914-815-5656

 

Student Access and Success

At the heart of Butler Beyond is a desire to increase student access and success, putting a Butler education within reach of all who desire to pursue it. With a focus on enhancing the overall student experience that is foundational to a Butler education, gifts to this pillar will grow student scholarships, elevate student support services, expand experiential learning opportunities, and more. Learn more, make a gift, and read other stories like this one at beyond.butler.edu.

Recent Gifts Push Butler to $32M for Scholarship Support in Butler Beyond Campaign

The University aims to raise a total of $55M for student scholarships by the end of May 2022