Earlham receives second anonymous $1M gift in as many years
July 11, 2018
An anonymous donor has once again given Earlham College a surprise gift of $1 million for student scholarships.
It is the second such gift in as many years and comes at the heels of a record $2 million in giving to the Earlham Fund during the 2017-18 fiscal year.
“We are deeply grateful for this wonderfully unexpected gift,” says Avis Stewart ’74, Earlham’s interim president. “Such generosity is a wonderful reminder of the many generous philanthropists that recognize the value of an Earlham education and the impact our graduates are having in communities across the world.”
The funds were delivered in the form of a grant from Our Giving Tree, a donor-advised account at the Chicago Community Foundation. The College worked with that organization to allocate the gift according to the anonymous donor’s wishes.
The College will use this gift to set up a scholarship fund in the name of Our Giving Tree. This restricted spend-down fund will be used to support need-based financial awards that are given to students as part of their financial aid packages. The Our Giving Tree Scholarship Fund will provide Earlham with an invaluable resource to help meet the demonstrated financial need of future Earlhamites.
Nearly 30 percent of all students enrolled at Earlham are eligible for Pell Grants from the federal government, and 90 percent of Earlham students receive some form of financial assistance from the College. During the 2017-18 fiscal year, $28 million in financial aid was awarded to students. About 20 percent of each incoming class is among the first in their families to attend college.
“This will ensure that future generations of students can receive the gift of Earlham, a transformational education that offers access to the very best that a liberal arts education can offer,” says Kristin Champa, vice president for institutional advancement. “This wonderful surprise brings tremendous momentum to the College as we prepare for the next academic year.”
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Earlham College, a national liberal arts college located in Richmond, Indiana, is a "College That Changes Lives." We expect our students to be fully present: to think rigorously, value directness and genuineness, and actively seek insights from differing perspectives. The values we practice at Earlham are rooted in centuries of Quaker tradition, but they also constitute the ideal toolkit for contemporary success. Earlham is one of only 40 national liberal arts colleges ranked among U.S. News and World Reports' "Great Schools at a Great Price."
Brian Zimmerman is director of media relations at Earlham College. He can be reached at 765-983-1256 and email@example.com.