Couple’s estate leaves $6 million to DePauw Trust

GREENCASTLE, Ind. (AP) – DePauw University has received a $6 million estate gift to support need-based financial aid for DePauw students.

DePauw President Brian Casey announced the gift Monday from the estate of Theodore Peterson and Elizabeth Emison Peterson. The gift will establish the Theodore and Elizabeth Peterson Endowed Scholarship Fund within The DePauw Trust.

With the gift, commitments to The DePauw Trust as part of The Campaign for DePauw have surpassed $56 million and gifts to The Campaign for DePauw now total nearly $210 million. Gifts to The DePauw Trust are part of a long-term effort to expand the university’s endowment dedicated to student access and support

Elizabeth Emison Peterson attended DePauw and died in September 2006. Ted Peterson died in February of 2014.