Wednesday, January 20, 2010
An anonymous graduate of SC State University recently donated a gift of $90,000 to the institution’s endowment fund. Funds will be placed in the University Foundation, and the interest earned will support future student scholarships.
This marks the second time within six months that an anonymous graduate has donated to the University. The first gift of $250,000 was an unrestricted contribution given to SC State in August. Both gifts indicate progress, evident in the overall support from the alumni who increased their giving by 23 percent last year. The University also set a new record for private gifts during the 2008-2009 fiscal year.
“With a recent decline in state appropriated funds to the University, and with possible budget cuts looming, this gift provides much needed support for our students and a wonderful start to 2010. This gift also supports the University’s mission of garnering assistance from our community stakeholders,” stated President George E. Cooper.
“We are ecstatic about receiving this gift contribution,” said President Cooper. “A University requires alumni support to continue to thrive. A gift to the endowment fund is especially significant in that this is an investment which will provide endless support for our deserving students,” stated President Cooper. “It is only my hope that other SC State alumni will fervently pledge their support as we continue to implement programs of reform and change that are currently underway in our drive towards progress and growth.”
Dr. Jackie Epps, former interim vice-president for Institutional Advancement, and Dr. Rodell Lawrence, assistant vice-president for Alumni Relations, presented the gift to Dr. Cooper, echoing his sentiment on its significance.
“I am very pleased and excited about the unwavering support of our alumni during this severe economic downturn. This generous endowment gift will ensure that SC State students benefit in perpetuity as we continue to invest in our children,” stated Epps.
Lawrence agreed, stating, “I am appreciative of the trend that alumni have continued to set for the University. I am hopeful that this financial gift provides an incentive for other alumni to give their support, continuing this upward trend, and helping to ensure that SC State University offers an exceptional and educational experience for all of our students.”