For most of the school year, the DePauw Investment Group oversaw only about $160,000. But the stakes skyrocketed in April when DePauw’s board of trustees added $1 million from the university’s $731 million endowment.
The campaign was launched in 2014. A cornerstone was support for student access and financial aid.
DePauw President D. Mark McCoy and Board of Trustees Chairwoman Kathy Patterson Vrabeck said university officials decided employment levels at the college were not financially sustainable.
DePauw University has received a $20 million donation from 1968 graduates Steve and Karen Sanger to create a leadership program, the school announced Thursday.
A top Indy chef posted about a great restaurant an hour away. So I hopped in the car.
The donation was given to the Campaign for DePauw, bringing the fundraising effort at the 2,200-student college in Greencastle within $14 million of its goal of $300 million.
The university in Greencastle said an 18-member committee has been named to work with a national executive search firm to seek a replacement for President Brian Casey.
Brian W. Casey plans to step down as president of DePauw University after the 2015-16 academic year to take the same position at Colgate University in Hamilton, New York, DePauw officials announced Thursday.
With the gift, commitments to the DePauw Trust, which focuses on making the university affordable for students of all income levels, have surpassed $56 million.
Finances are increasingly challenging for small, private schools, causing many to do whatever is necessary to attract students, particularly students who can afford tuition ranging from $25,000 to $45,000 annually.
Colleges are experimenting with business models at a time when the ability of students and their families to pay are dropping dramatically, and endowments and scholarship funds remain depressed.
R. David and Suzanne Hoover, both 1967 graduates of DePauw University, will contribute $9 million to need-based scholarships, with the rest providing the lead gift for Hoover Hall.
Dora operates more than 20 hotels, including five in downtown Indianapolis and two adjacent to Indianapolis International