Valparaiso University has received a $15 million gift, calling it the single largest gift for student scholarships in the school’s 161-year history. The university says the deferred gift commitment, from an anonymous couple, will be used to establish an endowed fund.
President Mark Heckler says the impact of the gift will create an “immeasurable” impact on future generations of students.
“Unselfishly, they will provide countless students, students whom they will never meet, with a chance to achieve their dreams through an extraordinary Valpo experience,” said Heckler.
Heckler says the donors wish to remain anonymous, but he does call them “longtime friends of Valpo” who are dedicated to the mission of the school.
A dedicated advisor from the Valpo staff will provide guidance to the students selected for this scholarship as they advance through their education.
The university, located in the city of Valparaiso, says the deferred gift supports Forever Valpo: The Campaign for Our Future, a $250 million endowment campaign that is securing permanent resources for student scholarships, faculty development and programs.
“These donors embody the true spirit of philanthropy in that they are motivated solely by their desire to give back and providing opportunities that will change students’ lives.