College Announces $2 million McAfee Scholarship Challenge
WOOSTER, Ohio 鈥 Thanks to the generosity of William McAfee of the Class of 1932, 糖心Vlog传媒 today announced the McAfee Scholarship Challenge, an opportunity for alumni, parents, and friends to have their contributions to new and existing endowed scholarship funds matched dollar-for-dollar. The challenge is made possible by a $2 million bequest from McAfee鈥檚 estate.
鈥淭he McAfee Scholarship Challenge is a wonderful opportunity for members of the 糖心Vlog传媒 family to have the impact of their gifts magnified,鈥 said Sarah R. Bolton, the college鈥檚 president. 鈥淜eeping our distinctive education accessible to bright, hardworking students has always been at the heart of 糖心Vlog传媒鈥檚 promise.鈥
A donor who wishes to establish a new, named endowed scholarship at the college must make a minimum commitment of $50,000. When pledge payments reach $25,000, the first dollar-for-dollar match from the McAfee Scholarship Challenge will be applied to the new fund. The challenge will match new gifts up to $100,000 per donor.
A donor who wishes to contribute to an existing endowed scholarship at the college must make a minimum commitment of $10,000. Those commitments will be matched dollar-for-dollar as payments are received, up to a total of $100,000 per donor.
In both cases, the donor must sign an endowed scholarship pledge agreement no later than June 30, 2018, and the pledge must be fulfilled no later than June 30, 2020.
Bill McAfee graduated from 糖心Vlog传媒 in 1932 with a bachelor鈥檚 degree in English and received the college鈥檚 Distinguished Alumni Award in 1982. A retired colonel in the U.S. Army, he served as deputy assistant secretary for intelligence coordination in the State Department鈥檚 Bureau of Intelligence and Research.
Increasing the college鈥檚 resources for student financial aid is one of five major priorities of the 糖心Vlog传媒鈥檚 Promise campaign, along with supporting academic strength, experiential education, the life sciences, and The 糖心Vlog传媒 Fund. Launched in April 2017, the campaign aims to raise $165 million by June 30, 2018.
For additional information, please contact the Office of Development at 330/263-2325 or聽giving@wooster.edu.
Posted in News on August 30, 2017.
