Over $3 million in new commitments to boost financial aid at Yale Divinity School
Yale Divinity School announced more than $3 million in capital campaign gifts during the week of Convocation and Reunions 2007, including two gifts of $1 million and two of $500,000. All are earmarked for financial aid to students, YDS's top campaign priority. These gifts provide significant momentum for the school's ultimate goal of making a YDS education tuition-free for all. Dean Harold Attridge said, "These most generous contributions to Yale Divinity School will provide significant support where it is most needed – scholarship aid to students. The gifts reflect the fondness for YDS that so many of our alumni feel and that was much in evidence at Convocation and Reunions 2007. I am most grateful for these gifts, and my wife, Jan, and I are happy to have joined in donating to YDS and in naming YDS a beneficiary in our own wills."
$1 million Sidney Lovett Scholarship Fund
The generosity of two Yale College alumni who wish to remain anonymous made possible a $1 million gift in honor of the Rev. Sidney Lovett. Lovett, who died in 1979, was the renowned chaplain at Yale University from 1932 to 1958. The $1 million Sidney Lovett Scholarship Fund is open for additional contributions from alumni and friends who wish to honor his memory. >Go to story
Gift of a Lifetime initiative launched with $1 million gift from William Bell '07 and his wife, Katie Bell
Yale Divinity School's Gift of a Lifetime initiative, which is focused on "planned gift" instruments such as bequests, trusts and life income agreements, was formally launched during the Annual General Meeting of YDS alumni on Tuesday of Convocation and Reunions week. Planned gifts can create a dependable source of lifetime income and also provide current and future tax savings.
Setting the stage for the campaign is a lead gift of $1 million from William Bell '07 and his wife, Katie Bell, in the form of a charitable remainder trust. The gift will be used to provide scholarships for students enrolled in Berkeley Divinity School's Anglican Studies Program. >Go to YDS Planned Giving web site.
Challenge grant of $500,000 to match donations dollar-for-dollar
The same two Yale College alumni who contributed $1 million for the Sidney Lovett Scholarship also donated $500,000 to set up a fund that will match scholarship donations to YDS on a dollar-for-dollar basis.
The $500,000 challenge grant, to be known as the Divinity School Challenge, will provide matching funds for endowed scholarships at the school. Under the grant, contributions from alumni and friends to the Divinity School in the $10,000-$100,000 range will be matched on a one-to-one basis, although planned gifts must be $25,000 or higher to qualify for the match.
Recognizing that most YDS alumni have limited financial resources, the Gift of a Lifetime initiative asks alumni to make a commitment in addition to their regular annual fund gift through a bequest pledge or through a life income gift. Constance Royster, director of development at YDS, said, "For most of us, a bequest or planned gift is literally a gift of a lifetime that can greatly benefit future generations of students. >Go to story
$500,000 gift to support aid to African American students
An anonymous donor contributed $500,000 to establish an endowed fund to benefit African American students. The fund will be named the Nora McLean Jackson Scholarship.
Additional gifts of $50,000, $25,000, and $10,000
Raymond Oliver '52 M.Div. designated YDS as the beneficiary of a $50,000 charitable remainder trust to create an endowed scholarship in honor of his 55 th reunion. David Harned '57 B.D. designated a charitable gift annuity of $25,000 to the Class of 1957 Endowed Scholarship in honor of his 50 th reunion. At the Alumni Awards Banquet, honoree Bishop Frederick Talbot '57 M.Div. made a cash donation of $10,000, with a pledge of more to come, to create an endowed scholarship benefiting students preparing for ministry in the African Methodist Episcopal Church.