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Kenan Trust Challenge Grant met

Sep 21, 2012
by Staff

In 2011, the William R. Kenan Jr. Charitable Trust awarded a $1 million grant to Flagler College for endowment, subject to a one-to-one match by other donors.

This June, Flagler supporters met the goal. In fact, the goal was exceeded, as approximately $2.9 million was raised in direct response to the challenge. Gifts were received to support the Flagler Fund, to endow scholarships and program service funds, and to assist with capital projects, such as the restoration of the Solarium and the renovation of the auditorium.

Support from trustees, alumni, parents and friends was significant. In seven months, $1 million in cash and statements of intent was raised for endowment.

“I was fortunate to have an opportunity to attend Flagler College during its first four years as a result of a full scholarship,” said Dr. Beverly C. Carmichael, ’72, who started one of 14 newly established endowed funds. “Now, as one of Flagler’s ‘oldest living graduates,’ it is gratifying to endow a scholarship to return the investment made in me. It’s my way of paying it forward.”

Mr. and Mrs. James Babcock wanted to provide enriching overseas cultural experiences with the “James W. Babcock and Teri Ludwick-Babcock Endowed Scholarship for Study Abroad.”

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